In June 2009 the Chinese officials announced a pilot scheme where business and trade transactions were allowed between limited businesses in Guangdong province and Shanghai, and only counterparties in Hong Kong, Macau, and select ASEAN nations. Proving a success, the program was further extended to 20 Chinese provinces and counterparties internationally in July 2010, and in September 2011 it was announced that the remaining 11 Chinese provinces would be included.
in june 2009 the chinese officials announced a pilot scheme where business and trade transactions were allowed between limited businesses in guangdong province and shanghai and only counterparties in hong kong macau and select asean nations proving a success the program was further extended to 20 chinese provinces and counterparties internationally in july 2010 and in september 2011 it was announced that the remaining 11 chinese provinces would be included