Convertibility

Yi said that we should insist on preventing Cross-border capital flow shocks as the focus of foreign exchange management, and gradually realize RMB capital account convertibility on the basis of timely and effective information monitoring and risk-controllable. Yi said that we should insist on the prevention of Cross-border capital flow shocks as a good point for foreign exchange management efforts. Outside ...

RMB capital account convertibility without specific time China network March 11 News Center of the National People's Congress held a press conference on the theme "Monetary policy and financial Issues" this morning, the People's Bank of China Governor Zhou Xiaochuan, vice governor of the People's Bank of China, Hu Xiaolian, deputy governor of the People's Bank Liu,　　Deputy governor of the People's Bank of China and foreign Exchange Administration director Yi Gang attended the media interview. A reporter asked, China is now conducting a pilot, is the use of renminbi for cross-border trade settlement pilot, while China is continuing to reform the renminbi exchange rate mechanism. Can people ...

Days ago, the Shenzhen Financial Office has formally formulated a package of breakthrough cooperation in the Shenzhen-Hong Kong capital market, including Shenzhen with the HKEx, Shenzhen B and HKEx share trading, as well as Shenzhen as a pilot for red-chip companies to issue a A-shares, and write the "Shenzhen financial reform comprehensive Pilot Zone program",　　Will report to the Shenzhen Municipal committee and even central approval. HKEx responded by saying that there must be two prerequisites for the implementation of the programme, one for central approval and the other for special arrangements for RMB convertibility. Before that, the Hong Kong HKMA chief executive, Mr Joseph Yam, was creative ...