The central bank seeks to establish a list of commodities that can be hedged by all companies with direct exposure. In step, it also plans to allow greater FX hedging activity.
At a time when regulatory pressure has forced large Chinese conglomerates such as Wanda to wind back overseas acquisition, the forex regulator says Beijing is still open for business.
Only just over a third of companies are tooled up enough to run their own audit functions – and that’s already an increase of 16 percentage points on last year, a report finds.
Beijing has released broad measures aimed at improving the environment for foreign corporates, ranging from dividend repatriation, taxation and visa issues