The people's bank of China 13 issued the foreign direct investment RMB pilot management method "to match the cross-border trade RMB pilot, convenient domestic institutions in RMB conduct foreign direct investment. Analysts believe that the move marked RMB convertibility , RMB internationalization.
To say, RMB foreign direct investment including through establishment, m&a, equity means such as overseas, the establishment or obtain enterprise or project all or part of the rights and interests. Domestic institutions is to point to in cross-border trade RMB pilot areas within the registration of non-financial enterprises.
To request, enterprise for foreign direct investment should be awarded the foreign direct investment authority for approval. Domestic institutions shall explicitly meta-pragmatic RMB investment amount.
Domestic institutions can their income of foreign direct investment in RMB profits remitted back to China. Upon examination organizations within territory submit overseas investment enterprise board of directors resolution and other materials, profit disposal for the domestic organizations that Banks can handle overseas direct investment of RMB profit evidencing formalities, and shall submit to the RMB cross-border receipts and information management system renminbi profits remitted to submit information.
Traffic bank's chief economist even flat says that on foreign investment, yuan RMB in overseas use marks on made a new step. In the past the renminbi in overseas use is mainly used for often, only individual item under the direct investment portfolio. In recent years, Chinese enterprises in overseas investment will unceasingly strengthens, 2010 foreign direct investment, the scale of $40 billion to $50 billion between. The central bank this move will expand enterprise external investment intention.
Even the flat also said, with RMB direct investment and profit will be converted into renminbi form, make domestic investment enterprise can lock exchange rate risk. In addition, convenient domestic institutions in RMB conduct foreign direct investment, marks the renminbi to internationalization and a step.
The state administrative decision-making consultation, deputy director of the institute, said ChenBingCai RMB conduct foreign direct investment, make our country in the capital of the convertibility and a step. At present the RMB foreign acceptance improved. The future can reference to other countries to provide after our country investment preferential policy, request other countries also to RMB investment preferential measures.
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