China's red tape reduction could lead to wider CNY trade band
Chinese regulator Safe's efforts to simplify investment into the country seen as a further sign of renminbi liberalisation
Market participants believe China could widen the renminbi trading band by the end of the year, as the Chinese government steps up its efforts to liberalise investment in the country and international trading in its currency.
"While any change is difficult to predict, as long as the Chinese government is comfortable and in control, it will widen the band and increase the liberalisation process. It
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