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China will continue to loosen restrictions on cross-border yuan flows and consider allowing companies to use yuan for overseas investments, Hu Xiaolian, vice governor of the central bank, People's Bank of China (PBOC), said Tuesday.
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Liu Yuhui, an economist with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the key for renminbi’s overseas investment is whether the destination country accepts renminbi and how the central bank would get the yuan to flow back.