China Speeds Yuan Push

May 3, 2011 at 7:00 am

HONG KONG—China is accelerating efforts to push its currency deeper into world markets, racing ahead with a series of moves toward a new financial ecosystem with the yuan at its center.

A senior Hong Kong monetary official told The Wall Street Journal on Tuesday that China’s central bank is “actively considering” new rules that would make it easier to bring yuan funds raised offshore back onto the Chinese mainland.  Read more.

P. Stein, Wallstreet Journal, April 20,2011

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Entry filed under: China, NKITA.

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