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

Summary:
[unable to retrieve full-text content]A Chinese foreign exchange official said on Friday that Beijing will “study” a plan to allow all mainland residents to invest in offshore securities and insurance policies up to an annual limit of US,000.It is hard to overestimate the plan’s significance over the long run, if it goes ahead.For decades, China has barred its people from freely investing in offshore financial assets. Every Chinese citizen is given a nominal annual quota of US,000 to change yuan into foreign currencies for…

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[unable to retrieve full-text content]
A Chinese foreign exchange official said on Friday that Beijing will “study” a plan to allow all mainland residents to invest in offshore securities and insurance policies up to an annual limit of US$50,000.It is hard to overestimate the plan’s significance over the long run, if it goes ahead.For decades, China has barred its people from freely investing in offshore financial assets. Every Chinese citizen is given a nominal annual quota of US$50,000 to change yuan into foreign currencies for…
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