The Chinese yuan, also known as the renminbi, is already convertible under the current account - the broadest measure of trade in goods and services. However, the capital account, which covers portfolio investment and borrowing, is still closely managed by Beijing because of worries about abrupt capital flows.
FIRST-QUARTER BOOST FOR SHENZHEN EXPRESSWAY
Shenzhen Expressway's net profit rose 3.68 per cent to 92.04 million yuan (about HK$86.72 million) for the first quarter, driven by traffic volume growth. The H share said the year-on-year quarterly return was helped by 12.45 per cent growth in income from main operations of 166.1 million. It saw record daily toll revenue at 318,000 yuan. Two toll highways contributed a combined 40.92 million yuan revenue between January 1 and March 18.