The People’s Bank of China (PBOC) issued draft guidelines on improving cross-border yuan policy, stabilizing foreign investment and foreign trade, with the key highlights found below (via Reuters). Will support banks to provide yuan payment services for cross-border e-commerce companies. Will relax restrictions on use of yuan income under some capital account categories. Will remove restrictions on yuan funds reinvestment by some foreign-funded firms. Will improve overseas yuan borrowing business management by domestic firms. Will improve overseas yuan lending business management by domestic firms. Will support individuals to conduct cross-border yuan business. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EOS Technical Analysis: EOS on the verge of a massive breakdown FX Street 1 year The People’s Bank of China (PBOC) issued draft guidelines on improving cross-border yuan policy, stabilizing foreign investment and foreign trade, with the key highlights found below (via Reuters). Will support banks to provide yuan payment services for cross-border e-commerce companies. Will relax restrictions on use of yuan income under some capital account categories. Will remove restrictions on yuan funds reinvestment by some foreign-funded firms. Will improve overseas yuan borrowing business management by domestic firms. Will improve overseas yuan lending business management by domestic firms. Will support individuals to conduct cross-border yuan business. Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
