The Undollar Digest

China to Set Up a Trial Zone for Yuan Convertibility

BBC Business News 06/29/2012 www.bbc.co.uk

China is to set up a special business zone to experiment with the yuan’s convertibility, the latest step in its moves to open up its capital markets.
The Qianhai zone will be established in the southern city of Shenzhen, just across the border from Hong Kong. Beijing has been seeking to open up its capital markets [...]


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