Source: South China Morning PostRoyal Dutch Shell and the producer of Africa’s most popular phone brand Transsion Holdings are among 10 multinational companies that are taking part in a trial programme for freely converting the renminbi into foreign currencies, in the latest move by China’s currency regulator to liberalise the country’s capital account.The pilot programme, under way in Beijing as well as the technology hub of Shenzhen in southern China, allows 10 companies with strong credit ratings to manage their use of…Read More