Allowing mainland residents to invest in offshore securities and insurance policies would mark a milestone in China’s foreign exchange deregulation and create an institutionalised channel for mainland investors to participate directly in global financial markets. Photo: EPA
Allowing mainland residents to invest in offshore securities and insurance policies would mark a milestone in China’s foreign exchange deregulation and create an institutionalised channel for mainland investors to participate directly in global financial markets. Photo: EPA
Zhou Xin
Opinion

Opinion

Zhou Xin

China signals real financial opening up, but will it follow through?

  • Idea of allowing people to change yuan into other currencies and then decide what offshore assets to buy is revolutionary
  • Immediate monetary impact of a relaxation would be limited because many affluent Chinese have invested overseas anyway

Allowing mainland residents to invest in offshore securities and insurance policies would mark a milestone in China’s foreign exchange deregulation and create an institutionalised channel for mainland investors to participate directly in global financial markets. Photo: EPA
Allowing mainland residents to invest in offshore securities and insurance policies would mark a milestone in China’s foreign exchange deregulation and create an institutionalised channel for mainland investors to participate directly in global financial markets. Photo: EPA
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