The mainland's central bank allowed to carry out RMB settlement business of foreign direct investment

14 People's Bank of China announced a RMB cross-border expansion of the use of new initiatives, which allows foreign investors and foreign direct investment banks for RMB settlement business. Central bank in mainland China, "said foreign direct investment in RMB clearing business management approach" has now officially released. Previously, in order to ensure safe and orderly conduct of business, to prevent "hot money" flowing into opportunity, foreign direct investment of RMB settlement ...The mainland's central bank allowed to carry out RMB settlement business of foreign direct investment