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2015.11.0122:26:47UTC+00China bolsters market revamps despite capital outflows

China is unfazed with its capital outflows, as it bolsters to amplify its market reforms.

People's Bank of China is mulling a trial program in the Shanghai free trade zone, enabling residents to purchase assets abroad and introducing yuan-denominated bonds to trading by foreign entities.

Other endeavors include allowing Chinese companies to trade derivatives and setting up securities joint ventures with international firms.

The measures were unveiled in the advent of unknown exodus from the country after the country's central bank devalued its currency in August and two-month stock market rout.

A Bloomberg data showed investors pulled $194 billion from China in September, extending their outflow to $669 billion this year.

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