Yuan Sets Sail.

The article discusses the new measures outlined by the People's Bank of China in its first document of 2011, which concern a pilot program to allow non-financial enterprises to use the yuan, also called the renminbi, in settlement while making investments in overseas markets. The new measures mean that foreign entrepreneurs can get funding denominated in the currency of China. Banking professor Guo Tianyong says that allowing yuan settlement in outbound direct investments will help avoid settlement risks brought about by the third-party currency.