18 April 2019

Capital account liberalization should be gradual, paper says

China should take a gradual approach to the liberalization of the capital account to avoid financial risks, China Securities Journal reported Thursday, citing Yu Yongding {余永定}, a senior fellow on world economics and politics in the Chinese Academy of Social Sciences. The government should give priority to deepening financial reform and speeding up liberalization of foreign exchange and interest rates, Yu was quoted as saying. Yu is a former member of the Chinese central bank’s monetary committee.

– Contact HKEJ at [email protected]



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