Posted inChina, European Union, Hong Kong, World

Panic over nothing: China says no issue with remitting abroad

A senior Chinese foreign exchange official has reiterated that there are no restrictions on foreign firms’ cross-border profit transfers. The effort to reassure foreign companies that the door is open for them to remit dividends back to their headquarters comes on the heels of reports that various European-based multinationals have had extreme difficulties taking year-end […]