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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

CIC’s Lau sees fully convertible yuan in five years

Posted on 18 November 2010

From Thestandard.com.hk: China’s yuan is expected to be fully convertible during the next five years at the earliest, Lawrence Lau Juen-yee, chairman of China Investment Corporation’s Hong Kong office, said.
But that does not mean it should have a free-floating exchange rate, the former head of Chinese University of Hong Kong told an economic forum……………………………………….Full Article: Source


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