China’s government plans to make it easier for individuals & companies to invest overseas

Via the Wall Street Journal, sourced from "Chinese officials with knowledge of the matter":

China's campaign to turn the tightly controlled yuan into a global currency is crossing a new threshold
The government plans to make it easier for individuals and companies to invest overseas
The latest initiative is expected to be announced in the next few weeks by the State Council (China's cabinet)
Will allow individual Chinese and businesses to directly purchase stocks, bonds and real estate in foreign markets
Removing limits on such transactions,
Though initially limited to people and businesses in certain designated free-trade zones, the proposal can be scaled up over time, the officials said