Capital Liberalization Will Achieve Huge Progress This Year
ANBOUND
Recently, president of China's central bank said at China Development Forum that in 2015, China would materialize RMB capital account convertibility and make RMB almost a currency that can be used freely. ANBOUND research team believes that the central bank’s attitude towards RMB capital account convertibility shows what China macro finances is facing currently on the one hand, and what’s the central bank’s attitude and position towards market on the other hand. However, considering the market mechanism and administrative mechanism, the following influence still needs to be observed.