New regulations issued by China's regulators now allow foreign investors to use offshore renminbi (RMB) funds to make direct investments into China, signalling another step towards the liberalisation of the RMB and deregulation of the country's capital barriers for fund transfers. 

These changes, which have immediate effect, were announced by China's Ministry of Commerce (MOFCOM) and the People's Bank of China (PBOC) under the Notice on Cross-border Direct Investment with RMB Fund (关于跨境人民币直接投资有关问题的通知) (MOFCOM Notice) and the Administrative Measures on RMB Settlement Business for Foreign Direct...

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