May 18, 2018 / 8:25 AM / in 2 months

China c.bank says to facilitate cross-border capital flows

SHANGHAI, May 18 (Reuters) - China’s central bank said on Friday that it would enhance overseas investors’ ability to use foreign currencies to invest under the Stock Connect scheme, as part of an effort to facilitate cross-border capital flows.

The People’s Bank of China also said offshore yuan clearing banks would be permitted to conduct interbank market borrowing and bond repos. (Reporting by Andrew Galbraith; Editing by Kim Coghill)

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