China set to encourage two-way fund flows

In this undated file photo, a worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. - Xinhua

BEIJING (China Daily/ANN): China is likely to achieve a breakthrough this year that would permit personal investment in securities and insurance products overseas, an indication that policymakers are willing to see more active two-way capital flows, experts said on Monday (Feb 22).

The experts also hinted at the possibility of further removing limits on personal cross-border investment, with a senior official from the foreign exchange regulator suggesting the revision of some relevant rules in an article published in China Forex, a magazine, on Friday.