CHINA-ECONOMY
Pan Gongsheng, Vice Governor of the People's Bank of China (PBoC) on June 21, 2015, said that China is close to its goal of allowing the yuan to be exchanged for foreign currency without any limits on the amount. He remarked "We are not too far away from the yuan capital account full convertibility," indicating that a move that will grant greater flexibility to Chinese investment overseas could be in the offing. |