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China “Quietly” Relaxes Controls on Foreign Capital
http://www.nytimes.com/2012/03/21/business/global/china-quietly
The move, not publicly announced but disclosed by some private money
managers...
Chinese securities officials made a series of phone calls to top fund
managers outside China late last week telling them of the relaxation of the
capital restrictions, according to several money managers.
Investment executives say officials at the China Securities Regulatory
Commission, in coordination with foreign-exchange officials, informed them
in the phone calls last week that the government would approve all of their
past requests to increase certain types of foreign investments and would
even let them double their total invested. |
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