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.
The mainland's top auditor says in a report that 131 million yuan has been misused by the Chinese Olympic Committee. What do you think of these findings about illegal loans and embezzlement? Share your views: write to us.