China capital account opening
Zhou Xiaochuan- August 19, 2013 China is at a crossroads. The new leadership has so far shown determination to reform and to find solutions to excessive savings. Here are some key facts for 2013. March 2013 : Zhou Xiaochuan reappointed as the Governernor of the People’s Bank of China (PBoC) China will promote the convertibility of Renminbi under capital accounts step by step, although the yuan's increasing cross-border use will accelerate the process, People's Bank of China (PBOC) governor Zhou Xiaochuan said Wednesday, March 13, 2013. Source: http://news.xinhuanet.com/english/business/2013-03/13/c_132231456.htm May 2013 : Reshaping the growth model Officials at an executive meeting of the State Council led by Premier Li Keqiang said on Monday May 6, 2013 that China would propose an operational program within the year to make the yuan more convertible in the capital account. The move comes after Li promised in March ...