Central Bank Governor on Free Trading of RMB

Help | Sitemap | Archive | Advanced Search | Mirror in USA



CHINA BUSINESS OPINION WORLD SCI-EDU SPORTS LIFE FEATURES PHOTO GALLERY
	INTERACTIVE
	Message Board
	Feedback
	Voice of Readers
	China Quiz





	China At a Glance
	Constitution of the PRC
	State Organs of the PRC
	CPC and State Leaders
	Chinese President Jiang Zemin
	White Papers of Chinese Government
	Selected Works of Deng Xiaoping
	English Websites in China



	Help About Us SiteMap Employment
	MIRROR

	U.S. Mirror Japan Mirror Tech-Net Mirror Edu-Net Mirror

Thursday, July 20, 2000, updated at 09:11(GMT+8)

Business

Central Bank Governor on Free Trading of RMB

China has not yet set a timetable for the free trading of its currency, Renminbi, but great progress will be made in the next five years, said Dai Xianglong, governor of the People's Bank of China, Wednesday in Beijing.

Domestic enterprises are still not allowed to get foreign debts, and foreign currency is also forbidden to be used for the purchase of China's stocks, the official noted at a press conference held by the Information Office of the State Council.

But "we will create conditions to gradually loosen the restrictions," the governor said.

China has made Renminbi convertible under the current account as of December 1996.


Print	Discuss It	Recommend to your friend

In This Section



	China has not yet set a timetable for the free trading of its currency, Renminbi, but great progress will be made in the next five years, said Dai Xianglong, governor of the People's Bank of China, Wednesday in Beijing.




Advanced Search


	RMB to Appreciate after China's Entry into WTO? Rise of Foreign Currency Interest Rate Exerts No Influence on RMB

	China's Fiscal Policies