(MENAFN)China has released a law to maintain higher-level reform and opening up in Hainan Province with fiscal measures and support the founding of a fiscal policy and institutional framework compatible with the Hainan free trade harbor.
Some 33 measures were presented in the principle together released by the central bank and three government agencies. The measures are meant at enhancing the convertibility of renminbi (RMB), fine-tuning the fiscal marketplace and improving the opening up of the fiscal sector in Hainan.
To augment RMB convertibility, the rule sustains abroad shareholders to spend in asset management goods in the harbor, counting wealth management products, private equity management products, public providing securities investment funds and insurance asset management goods.
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