22 February 2019

Shanghai FTZ to issue capital account yuan rules, paper says

The Shanghai free trade zone will release rules on yuan convertibility under the capital account in the first quarter of this year, the Shanghai Securities News reported Tuesday, citing Shanghai deputy mayor Tu Guangshao. Substantial progress will be seen on convertibility in the zone this year, he said. Tu said it could take between five and 10 years for the yuan to become fully convertible, but he assumed it would occur in five years, according to the report.

– Contact HKEJ at [email protected]



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