China eases forex rules in special economic zones

China’s foreign exchange regulator said it will simplify regulation of foreign currency transactions for companies operating in China’s special economic zones, as Beijing moves to liberalise the yuan.

Companies working within Chinese special economic zones would be able to take legal profits derived from exports out of the country, said the State Administration of Foreign Exchange (SAFE) in a statement on its website.

via Business feed http://www.scmp.com/business/economy/article/1244046/china-eases-forex-rules-special-economic-zones