Thursday, December 18, 2014

China Currency Freedoms Beckon as Shanghai Zone Offers Test Run

Posted by My Blog Collection at 4:10 PM

It’s called pooling, and it’s made all the difference to the financial operations of refrigeration-equipment maker Dover Corp. (DOV) in China. Taking advantage of new freedoms in Shanghai’s free-trade zone since April, Dover is pooling yuan -- transferring its holdings of the Chinese currency in and out of the nation, without needing the approval of the foreign-exchange regulator.



from Google News, Yahoo! News, Wikinews, NY Times National News by search term http://ift.tt/1w3AFS1

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