PBOC chief sees opening up of financial markets

People's Bank of China governor Zhou Xiaochuan said Thursday 21 September that China will continue developing and opening up its financial market.

"We will continue our efforts to develop our financial market and widen it gradually during the development," Zhou said at the Sino-French Financial Forum in Beijing.

"The government will gradually loosen its control over the renminbi's capital account convertibility and push for free convertibility of the yuan in a stable manner," Zhou said.


To continue reading...