China should relax capital controls more quickly to pave the way for the yuan currency to play a bigger role in the global monetary system, Dai Xianglong, the chairman of the National Council for Social Security Fund, said.
Dai’s view was echoed by Jin Liqun, chairman of board of supervisors of China Investment Corporation, the country’s $410 billion sovereign wealth fund. “It is probably time for China to consider relaxing capital account controls,” Jin said………………………………………..Full Article: Source