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strategy

2019 China-New Zealand Year of Tourism: Things to know

A mix of academics, policymakers, tourist attraction agencies and operators came ...

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finance

Beijing and Shanghai Remove Bank Account Approval Requirements

Beijing and Shanghai are the latest cities to remove the permits required for opening ...

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profile

Mayor Phil Goff honoured at HSBC NZCTA China Business Awards

New Zealand-China Council Award for Outstanding Contribution to the New Zealand-China ...

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commentary

China’s SOE Reforms: What the Latest Round of Reforms Mean for...

China’s SOE Reforms: What the Latest Round of Reforms Mean for the Market ...

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general

Mandarin language assistants welcomed

Forty eight Mandarin Language Assistants were officially welcomed to New Zealand ...

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New wave of financial reforms set to increase acceleration of Renminbi internationalisation

Tax and Finance

Continued reforms by The People’s Bank of China (PBOC) are set to further accelerate the use of Renminbi (RMB) in international trade and investment and reinforce the move towards full convertibility of the currency. Reforms such as the widening of the RMB daily trading band, recent capital account deregulation and the expansion of the Qualified Institutional Investor Scheme are all signs of a change in focus away from appreciation to flexibility.

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