Shell, Samsung in China pilot to ease currency controls: sources

China has eased strict cross-border currency rules for 13 multi-national firms including Samsung and Shell in a scheme that further cranks open its tightly controlled capital account, financial sector sources told Reuters.

The experiment, which has not been publicly announced by the government, gives firms freedom to shift funds worth up to 30 per cent of their invested capital in China across its borders, bankers directly involved in the scheme said.

via Business feed http://www.scmp.com/business/companies/article/1191486/shell-samsung-china-pilot-ease-currency-controls-sources