China to set up a trial zone for yuan convertibility

Previous Post: nbsp

China to set up a trial zone for yuan convertibility

BBC – China is to set up a special business zone to experiment with the yuan’s convertibility, the latest step in its moves to open up its capital markets. The Qianhai zone will be established in the southern city of Shenzhen, just across the border from Hong Kong. Beijing has been seeking to open up its capital markets to try to trigger a fresh wave of economic growth. It has also been pushing for a more global role for its currency. Read article

Tags: ,

Views: 0

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes