China Raises Foreign Investment Limit to $1B

Although it has traditionally shied away from foreign interaction, China’s recent decision to raise the maximum limit placed on foreign institutional investments to $1 billion shows that China may want to be a bigger part of the global economic community. The rules took effect on September 29th and were made public by China’s foreign exchange regulator over the weekend.
The State Administration of Foreign Exchange issued a draft of a change to the rules that would allow the investment limit to be raised earlier this month. China also left open the possibility of further changes to the limit in the future …read more