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China aims to make yuan convertible
The ultimate goal of China's exchange rate reform is to make the yuan a fully convertible currency, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday.
Rising yuan will not hurt trade, say bankers
There is no foundation for the yuan to move sharply and China can maintain a flexible exchange rate mechanism, making the currency stand at a basically reasonable and balanced level, a senior central bank official said on Friday.
China's exchange rate reform on right track
China aims to make yuan convertible
Special: China Advances Yuan Rate Reform China's exchange rate reform on right track
A senior Chinese central bank official Friday stated that China's exchange rate reform was moving at a proper pace and in the proper direction, with obvious benefits.
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Policy
China aims to make yuan convertible
The ultimate goal of China's exchange rate reform is to make the yuan a fully convertible currency, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday.
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Market Reaction
Yuan effect 'limited' on stock
The recent rally in China's A-share market sparked by the speculation of a stronger yuan is likely to be short-lived as investors grow skeptical that Beijing's move to de-peg the currency from the dollar will have an immediate and substantial impact.
Yuan hit record high against USD Monday
China's yuan central parity rate weakens agaist USD
Yuan hits new record high against USD
Yuan surges to highest in five years
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Trade
Small impact on exports
China's foreign exchange reform and currency appreciation will not lead to a sharp change in its exports or diminish protectionist measures against China, a Ministry of Commerce official said.
Rising yuan will not hurt trade, say bankers
Software outsourcers see bumpy road ahead
China scraps export tax rebates on 406 products
Exchange rate reform to make exports more competitive
World
'Softened' IMF tone eases yuan pressure
The International Monetary Fund's softened tone toward China's exchange rate regime will ease pressure on the appreciation of the yuan, Chinese economists have said.
Full Coverage
Editorial: Reassuring reviewUS business wants China currency bill dropped from package
Obama pleased with 'first step' in RMB reform
RMB reform to benefit all sides: Experts
A new beginning beckons global leaders
Top News
Opinion
Yuan and absurdity of US demand
The conventional wisdom is that once the value of the yuan is increased, the US trade deficit with China would start falling. This rationale has prompted many Americans to push for further, faster revaluation of the yuan even after China changed its currency policy.
China's exchange rate reform on right track
Reassuring review
RMB reform to benefit all sides: Experts
Yuan move alone won't alter US, European growth
Global role for renminbi
Cross-border Yuan Settlement
Pilot RMB settlement kicks off in Yunnan
A pilot program on renminbi cross-border settlement was launched in Kunming, Yunnan province, on Tuesday as part of China's effort to gradually promote the renminbi into a global currency.
China, Singapore announce bilateral currency swap
Mainland, HK sign agreement for renminbi business in HK
China to allow sales of yuan products in HK soon: rpt
Local firms buy into greater role for yuan
BOCHK nails down 34 yuan settlement deals
Hot Money
Hot money inflows put govt in a quandary
The government is facing pressure to curb abnormal capital inflows into the country, the State Administration of Foreign Exchange (SAFE) said on Thursday, even as analysts warned that such pressures would remain given the expected gradual appreciation of the currency.
