Mainland opens wider to renminbi direct investment

2013-12-17

From:Macau Business

The central government will make it easier for Macau investors to make direct investments in the mainland in renminbi, the Global Times reports.

The newspaper quotes a written statement issued by the Ministry of Commerce as saying that from January 1 Macau investors can use renminbi legally obtained abroad to set up, buy or merge companies in the mainland, or to increase investments they have already made there.

The ministry also said the process of getting official approval for cross-border renminbi direct investments would be made simpler.

Copyright@Macau Business