Date
22 August 2017

Qianhai to unveil more financial innovation measures, paper says

The Qianhai financial and modern services development zone will roll out more measures to promote financial innovation, China Business News reported Wednesday, citing an official with the zone authority. The new guidelines will help expand cross-border renminbi lending and other offshore financial businesses, it said. Qianhai is also considering measures to promote the development of cross-border renminbi investment products under the Renminbi Qualified Domestic Limited Partner program and secure quotas for the second phase of the Renminbi Qualified Foreign Institutional Investor scheme for fund firms registered in the zone, the report said.

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