Examples of RMB in a sentence
PROVISION OF GUARANTEE On 20 March 2024, APT (HK), a wholly-owned subsidiary of the Company, entered into a guarantee agreement in favour of the Bank to provide guarantee for the buyer credit loan in the principal amount of US$116,900,000 (or its equivalent in RMB) made available by the Bank to the Joint Venture (in which the APT (HK) holds 20% of the equity interest).
On 14th June 2012, the PBOC issued the Notice on Clarifying the implementation of Settlement of Cross-Border Renminbi Direct Investment (中國人民銀行關於明確外商直接投資人民幣結算業務操作細則的通知) (the “PBOC RMB FDI Measures”), which provides more detailed rules for cross-border Renminbi direct investments and settlements.
Pursuant to the MOFCOM RMB FDI Circular, the competent counterpart of MOFCOM will grant written approval for each FDI and specify “Renminbi Foreign Direct Investment” and the amount of capital contribution in the approval.
The PBOC RMB FDI Measures and its implementing rules were further amended on 5th June 2015.
On 3rd December 2013, MOFCOM promulgated the Circular on “Issues in relation to Cross-border Renminbi Foreign Direct Investment” (商務部關於跨境人民幣直接投資有關問題的公告) (the “MOFCOM RMB FDI Circular”), which has become effective on 1st January 2014, to further facilitate FDI by simplifying and streamlining the applicable regulatory framework.