World Clothing Shoes And Hats Net Financial Highlights Week Review

Editor's note: this week

Introduction: Yu Jianhua, Assistant Minister of Commerce, at 13 annual meeting of the 2010 Chinese foreign investment promotion agency, said that China will further expand its opening up to the outside world and encourage foreign investment in high-end manufacturing, high-tech industries, modern service industries, new energy and energy saving and environmental protection industries, as well as the establishment of various functional organizations.

Introduction: the latest data from the China Foreign Exchange Trading Center show that the central parity of RMB against the US dollar in January 13th was RMB 6.5997 yuan, further down 131 points compared with the previous trading day. This is the recent rise in the RMB exchange rate for third consecutive trading days, and it has also hit second new trading days for 05 consecutive years.

This news is a very bad signal for enterprises and businessmen in garment export trade.

Introduction: 13, reporters learned from the people's Bank of China, the people's Bank of China recently issued the Announcement No. first of 2011, "the management method of RMB settlement pilot for overseas direct investment" (hereinafter referred to as the "measures"). Banks and enterprises in the pilot area of cross border trade RMB settlement can carry out the pilot project of RMB settlement for offshore direct investment.

Introduction: Li Keqiang encourages British enterprises to continue to invest in China, and encourages Chinese enterprises to invest in the UK to start businesses.

He said China will continue to improve its investment environment and provide convenient conditions for British enterprises.

Besides, Xi Ying provides more convenience for Chinese business contacts, continues to adhere to the principle of free trade within the EU and opposes unfair trade remedy measures against Chinese products.

Introduction: Wenzhou, a private capital rich city, has been allowed to become the first pilot city for individual overseas direct investment, which is also an important step in the reform of capital account convertibility.

The reporter learned from the Wenzhou Municipal Bureau of foreign trade and economic cooperation that Wenzhou recently issued the pilot scheme of Wenzhou's individual overseas direct investment, allowing Wenzhou over 18 years of age to have household registration and obtaining private passports for overseas investment.

According to the pilot scheme, investors can use their own foreign exchange funds, Renminbi to purchase foreign exchange and other foreign exchange assets approved by the foreign exchange bureau for overseas direct investment.

Profits from overseas direct investment can be retained abroad for reinvestment abroad.

Introduction: in January 7th, the Wenzhou foreign trade and Economic Cooperation Bureau issued document No. 2011 [1] to the foreign trade and economic cooperation system in the region, the Investment Promotion Bureau of the local development zone, the branches of the State Administration of foreign exchange (Wenzhou foreign exchange branch) and other systems.

The pilot scheme for individual overseas direct investment in Wenzhou stipulates that from the date of dispatch, Wenzhou residents may not have to carry out the same curve as before, and funds may exit directly.