PBoC takes first step to reboot RMB internationalisation

Noah Sin

April 21, 2017 08:00 am

pboc 230px. — People walk past the China's central bank or People's Bank of China in Beijing Tuesday, Aug. 11, 2015. China devalued its tightly controlled currency on Tuesday following a slump in trade, triggering the yuan's biggest one-day decline in a decade. (AP Photo/Andy Wong) | Andy Wong/AP/Press Association Images

People’s Bank of China (PBoC) relaxed capital controls for the first time since 2015 last week, scrapping an order introduced in January. Experts say the move is an attempt to rebuild foreign investors’ confidence, and may even signal a return to full blown renminbi internationalisation.

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Topics

Asia Greater China Northeast Asia China Asia Pacific China Emerging Markets

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Noah Sin