Others News
- Shanghai News
Date: 30-Jan-2007 Sources: (Shenzhen Daily)
THE first currency exchange company in China will be launched in Shanghai early February, the China Securities Journal reported over the weekend, citing an unnamed source.
The company, with registered capital of 10 million yuan (US$1.29 million), will target individuals, the report said. Currently, Chinese citizens can go to banks to exchange currency. The foreign exchange regulator said earlier this month that it will raise the yearly limit for purchases of foreign exchange by individuals to US$50,000 from US$20,000 starting Feb. 1.
Sponsor Results:
