China cenbank to improve yuan policy to facilitate foreign trade, investments

China cenbank to improve yuan policy to facilitate foreign trade, investments

China cenbank to improve yuan policy to facilitate foreign trade, investments The measures will come into effect on Feb. 4, 2021    Image used for illustrative purpose. Chinese one-hundred yuan banknotes in Hong Kong, China. BEIJING, Jan 4 (Reuters) - China's central bank said on Monday it will relax some restrictions on domestic institution's use of yuan-denominated income from certain projects under capital account. The move, part of a list of measures the People's Bank of China (PBOC) issued in a notice, aimed to improve cross-border yuan policies to stabilise foreign trade and investments.The measures will come into effect on Feb. 4, 2021, according to the document. (Reporting by the Beijing Monitoring Desk; Editing by Tom Hogue) (([email protected]; +86 21 2083 0100; Reuters Messaging: [email protected])) Zawya CoveragebusinessRecord number of firms set up business in Dubai's DMCCtravel and tourismUAE's travel, tourism sector to rebound 'more strongly' this year: BofAcurrenciesIndian rupee to trade weaker in 2021: FitchemploymentHow COVID-19 transformed the face of hiring overnightequitiesForeign investors sold net $150.5mln of stocks on Saudi Tadawul in DecemberMoreReuters Coverageoil and gasKuwait makes new oil discoveries -KUNAhealthcareEU drugs agency meeting to discuss Moderna COVID-19 vaccinecelebrityLebanon's famed musician Elias Rahbani dies aged 83healthcareModerna raises annual vaccine production