China to create currency test zone

MaxShimba · 2012-07-24T19:39:27+00:00

Beijing (Financial Times) -- China plans to create a special zone to experiment with currency convertibility in Shenzhen, the city where it introduced key economic reforms three decades ago. The measure will enable Hong Kong banks to lend renminbi directly to companies in Qianhai Bay -- a new economic zone on a peninsula across the water from Hong Kong -- according to Chinese state media. Bejing will unveil the details on Friday as Hu Jintao, Chinese president, visits Read more http://edition.cnn.com/2012/06/29/business/china-qianhai-currency-zone/index.html?eref=edition

Thread starter MaxShimba
Start date Jul 24, 2012

MaxShimba

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China to create currency test zone

MaxShimba

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