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China's new Wealth Management Connect...>

CHINA PRESS
CHINA PRESS: China's new Wealth Management Connect plan, allowing the
cross-border offering of wealth management products by certain Mainland, HK and
Macau banks, will further boost the opening up of China's capital account and
easier RMB conversion, the National Business Daily reported citing analysts. It
also shows that the business scope of cross-border use of RMB is on longer
limited to trade settlement and corporate investment, but also investment by
individuals, the newspaper said.

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