Seeking Alpha

China to ease capital controls for multinationals

  • China's State Administration of Foreign Exchange is widening a trial program to loosen currency controls in the country and will allow domestic and foreign firms with at least $100M in annual foreign-exchange income to transfer money more easily.
  • The move is part of China's plans to reform its economy and allow a bigger role for free markets.
  • ETFs: FXI, PGJ, GXC, FXP, YINN, CYB, CNY, DSUM, YANG, MCHI, XPP, YAO, YXI, FXCH, CHXF, FCA, TCHI, CHLC
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