Category Archives: Banking

New Policy in Beijing-SMEs in Zhongguancun Eligible for Import and Export Soft Loans

The Zhongguancun Administrative Committee and the Export-Import Bank of China (China Exim Bank) have recently signed a strategic cooperation agreement. In future, both sides will offer specialized financing support to small and medium-sized enterprises (SMEs) in Zhongguancun so that they …

China allows foreign institutions to open RMB accounts

The People’s Bank of China end of September released regulations to allow foreign institutions to open cross-border RMB-settlement accounts at locally registered banks from Oct. 1, which will further expand its ongoing RMB-settlement trial program. According to the rules published …