China eases capital outflow restrictions

Analysts believe that last Tuesday's move to allow mainland individuals to transfer assets outside the country from December onwards, and a proposal to allow insurance companies to invest overseas, will increase volumes.

The People's Bank of China said that mainland individuals will be able to transfer assets worth 200,000 yuan (US$2,415) or less at any one time. Assets worth more than that would have to be taken out in stages, with the first stage being no more than half of the individual asset

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