PBOC: China to make yuan fully convertible

China will make the yuan fully convertible, People's Bank of China governor Zhou Xiaochuan said.

"China will further improve the foreign exchange rate mechanism and gradually lift outdated restrictions on foreign currencies to ultimately realize the convertibility of the yuan for the capital account," Zhou said in a speech posted on the central bank's website.

Battling soaring investment that the PBOC says threatens the fragile financial system and is fuelling inflation, the central bank is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account