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| Author: | The people's Bank, of Shaoyang City |
| Title: | Researches into the questions about RMB convertible (original in Chinese) |
| Journal: | Contemporary Finance and Economics (c)
1994 : 3, p.37-40 |
| Index terms: | FOREIGN EXCHANGE POLICY FOREIGN EXCHANGE MARKET CURRENCY MARKETS CHINA |
| Language: | chi |
| Abstract: | According to our country's economic strength and actual Chinese situation, the short-term target about the free convertible of RMB is to make it freely convertible first domestically. This can be done in 4 steps: 1. to establish a unified nationwide public foreign exchange market; 2. to establish a single managed floating exchange rate system; 3. to convert RMB freely into H.K. dollars, new Taiwan yuan and Macao Pataca; 4. to realize domestic free convertible of RMB. |
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