“China will make Qianhai, part of the Shenzhen economic zone, a test ground for freer yuan usage and capital account convertibility, the National Development and Reform Commission said today.
Companies in Qianhai will be encouraged to sell yuan- denominated bonds in Hong Kong and to experiment with cross- border loans in the Chinese currency, Zhang Xiaoqiang, the vice chairman of the national planner, said at a press conference in the city today.”
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