China restate goal of eventual yuan convertibility

People's Bank of China Governor Zhou Xiaochuan said in an interview published Monday that foreign exchange controls would gradually be relaxed and there would be a steady push towards convertibility of the yuan.

Source: Reuters

China's central bank chief on Monday reiterated a goal to eventually allow the yuan currency to be fully convertible, but gave no timetable for the change many economists say is inevitable.

In a lengthy interview with the official Xinhua news agency, People's Bank of Chin

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: