China's Forex Regulator Said Eligible Science And Tech Enterprises May Participate In The Cross-border Financing Facilitation Business
Portfolio Pulse from Charles Gross
China's forex regulator has announced that eligible science and technology enterprises may participate in the cross-border financing facilitation business, according to Reuters.

July 24, 2023 | 10:58 am
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The announcement by China's forex regulator may impact the iShares China Large-Cap ETF (FXI), as it could lead to increased cross-border financing activities by Chinese tech companies.
The announcement by China's forex regulator allows eligible science and technology enterprises to participate in cross-border financing facilitation business. This could lead to increased cross-border financing activities by Chinese tech companies, which could potentially boost the performance of the iShares China Large-Cap ETF (FXI), which has significant exposure to the Chinese tech sector.
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