Under a trial launched by Chinese financial regulators, certain multinational corporations including oil giant Royal Dutch Shell will be allowed to convert their yuan funds into other currencies more freely.
Caixin
China tries more flexibility for multinational currency exchange
Pilot program for converting yuan funds more freely includes Royal Dutch Shell
Under the trial, certain multinationals will be able to buy foreign currencies at will within certain limits and deposit the money into the major domestic bank accounts of their cross-border cash pools for overseas payments. © Reuters
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