The ceiling for foreign currency deposits of less than $3 million in the Shanghai Free Trade Zone (FTZ) will be removed, effective on March 1. The change will apply to both corporate and retail accounts, the People’s Bank of China’s (PBoC) Shanghai branch says today. This is an important policy move towards further interest rate […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.