Regulations on issuing RMB share of China enterprises in oversea market is drafting---Denise Xia

 

People’s bank of China is drafting RQDII (RMB Qualified Domestic Institution Investor) mechanism to push forward QDII2 (Qualified Domestic Institution Investor) mechanism, which means direct invest in oversea on persons and issue RMB share of China enterprises in oversea market will be permitted in the near future, according to a regulator officer on central currency policy.

According to statics of SWIFT (Society for Worldwide Interbank Financial Telecommunications), RMB has become the 2nd Trade Finance Currency and the 7th international payment currency in the world.

Accompanied by the accelerated process of RMB internationalization, the regulators is making two-way open capital market of China.