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China May Allow Private Citizens Invest Overseas

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By Brian Su


According to a recent report published in the China Securities Journal, the City of Wenzhou, Zhejiang Province has become the first Chinese city to allow private citizens to invest in overseas projects. The report stated that the city had already unveiled a pilot project that allowed its citizens to invest up to US$200 million abroad annually. According to the pilot program, individuals who are over 18 years old and have registered their legal residence in the City of Wenzhou and have passports would be allowed to make direct overseas investments.  Applicants are not be allowed to invest in countries that do not have diplomatic ties with the People's Republic of China.


Mr. Zhou Xiaoping, a local economic and foreign trade affairs, said that the pilot program is aimed at creating a regulated overseas investment channel for individuals, encouraging private investors to take part in international commercial cooperation and liberalizing the city's economy.


Chinese citizens are currently only allowed to exchange a maximum of US$50,000 worth of foreign currencies annually.  A recent news report indicated that Chinese government is ready to loosen its foreign exchange policy and allows private citizens to buy a maximum of US$200,000 worth of foreign currencies.  If the policy becomes effect, more Chinese citizens will be interested in investing in foreign countries.

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Comments

  1. JOSEPH BLUE's Avatar
    I AM JOSEPH BLUE, PRESIDENT/CEO OF BLUE REALTY GROUP INC,LOCATED IN THE BEAUTIFUL CITY OF SAN FRANCISCO, CALIFORNIA,USA. WE ARE KNOWN S BEING THE PREMIER ONE-STOP LUXURY MARKETPLACE CENTER FOR
    SIGNATURE REAL ESTATE, NON-REAL ESTATE SOVEREIGN POSSESSIONS, AND INVOLVEMENT AND DEVELOPMENT OF ONE-0F-KIND AND UNIQUE INTERNATIONAL PROJECTS. WE CATER EXCLUSIVELY TO OUR AFFLUENT AND SUPER RICH GLOBAL CLIENTELE.

    BLUE REALTY GROUP, INC. AS THE FACILITATOR AND DIRECTIONAL FORCE, PROPOSES TO BUILD AND COMPLETE A MEGA CONSTRUCTION PROJECT THE BLUE LEGACY SIX STAR UNDERSEA LUXURY CASINO, RESIDENCES, RESTAURANT, AND EXCLUSIVE PRIVATE MEMBER CLUB
    SCHEDULED TO OPEN THE LATER PART OF 2012 OR THE EARLY PART OF 2013. THIS WILL BE THE MOST EXCLUSIVE, LUXURY PREMIER PRIVATE CLUB IN THE WORLD, THE ULTIMATE CLUB OF CLUBS AND WILL BE SURPASSED BY NONE. THIS REPRESENTS A ONCE IN A LIFETIME
    PARTICIPATION OPPORTUNITY FOR THE SAVVY AND INVESTOR.

    . REALIZE PASSIVE AND RESIDUAL INCOME AS AN EQUITY PARTNER.
    . CREATE THE PERFECT GLOBAL PLAYGROUND FOR THE SUPER RICH
    . BE THE FIRST TO STAY AT THE MOST EXCLUSIVE ADDRESS IN
    THE WORLD WHILE ENJOYING PAMPERED LIVING WITH AN
    ADVENTURE SECOND TO NONE, ON A FIRST COME, FIRST SERVE
    BASIS.
    . BE AMONG A SELECT AND LIMITED NUMBER OF AN EXCLUSIVE
    PRIVATE GLOBAL CLUB MEMBERSHIP.
    . MAKE HISTORY AS YOU RELAX IN PAMPEREDLEISURE COMFORT,
    ENJOY PASSIONATEGAMINGOPTIONS, AND RELISH IN SUB-
    SURFACE LAVISH AND PLUSH RESIDENCE LIVING.

    IN ADDITION YOU CAN APPLY FOR THE EB-5 IMMIGRANT INVESTOR
    PROGRAM AT THE AMERICAN EMBASSY.

    WE WILL LIKE TO GET INVOLVED WITH THE CITY OF WENZHOU,
    ZHEIJIANG PROVINCE, IN THEIR PROJECT TO ALLOW PRIVATE CITIZENS TO INVEST IN OVERSEAS PROJECTS. AS AN AMERICAN COMPANY WE WOULD LIKE TO BE A PART OF THIS PILOT PROJECT- TO GET INVESTMENT IN OUR PROJECT. HOW CAN WE ARRANGE THIS.

    MAKE SURE YOU GO TO MY WEBSITE AT WWW.BLUELEGACY.US

  2. Brian Su's Avatar
    Mr. Blue, log on http://www.attractAsianInvestors.com for more information that may assist your efforts.
  3. Roby's Avatar
    Thank God! Someone with brains sapkes!
  4. forex training's Avatar
    It is about time China allowed its private citizens to invest overseas. This will increase the value of their foreign reserves.
  5. forex affiliate program's Avatar
    This is a good plan so that Chinese citizens can expand their investment. There are various opportunities available overseas.
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