Ideally, FR needs Every Regular User and Member to Contribute.
Please Don't let the Same Loyal Members Carry Everyone!
If you haven't yet Contributed, Please Don't Delay!!!
Posted on 10/15/2013 7:45:03 PM PDT by TexGrill
China has sealed a deal with the U.K. allowing investors around the world to trade directly in Chinese shares and bonds through London's banks and financial institutions. The agreement is the first of its kind in the western world and will allow as much as 80 billion yuan ($13 billion) to be invested in Chinese securities via approved London institutions.
Previously, foreigners could only make these kinds of investments through Hong Kong, where a similar arrangement allows investors to buy up to 270 billion yuan ($44 billion) in securities in mainland China.
The agreement should shore up London's dominant role in the global currency market.
The city is already the most active center for yuan trading outside China and Hong Kong, and accounts for 40 per cent of total foreign exchange trade, twice as much as New York.
(Excerpt) Read more at money.cnn.com ...
China doesn’t to my knowledge allow foreigners to invest in China, in controlling stakes.
China keeps control, over everything.
China is playing us.
We need to bring back American businesses, to America.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.