PBOC deputy governor sees no RMB reform timetable

Regulators may let China's four biggest state banks become market makers in US dollar trading, clearing the way for less currency intervention by the central bank, a state-run newspaper reported on Monday 29 November.

Draft measures for expanding the number of market makers for US dollar trading have been completed, and the State Administration of Foreign Exchange - China's top foreign exchange regulator - will decide when to announce them, the China Business Post reported.

China's four bigges

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