PBOC official says 'no timetable' on controls

China has "no timetable" for further easing of its foreign exchange controls, a state news agency quoted a senior official as saying on Friday 3 march .

Hu Xiaolian, deputy governor of the People's Bank of China, said Thursday that easing limits on the trading of the Chinese yuan, also known as the renminbi or RMB, "must be put forward step by step," the Xinhua News Agency reported.

"There is no timetable for China's RMB convertibility under capital accounts," Hu was quoted as saying after meet