A view of the Shekou harbour in the Qianhai and Shekou areas in Shenzhen on February 26, 2015. Photo: Xinhua A view of the Shekou harbour in the Qianhai and Shekou areas in Shenzhen on February 26, 2015. Photo: Xinhua
A view of the Shekou harbour in the Qianhai and Shekou areas in Shenzhen on February 26, 2015. Photo: Xinhua

China’s regulator relaxes currency conversion rules throughout Shenzhen, sharpening city’s edge in Greater Bay Area

  • Under a pilot programme, effective within the city limits of Shenzhen, foreign currencies will be allowed to be convertible into the yuan without prior permission by banks
  • The approvals system will involve spot checks, a change from the previous process that required every currency conversion to be preapproved, according to Chinese media reports

Topic |   Yuan
A view of the Shekou harbour in the Qianhai and Shekou areas in Shenzhen on February 26, 2015. Photo: Xinhua A view of the Shekou harbour in the Qianhai and Shekou areas in Shenzhen on February 26, 2015. Photo: Xinhua
A view of the Shekou harbour in the Qianhai and Shekou areas in Shenzhen on February 26, 2015. Photo: Xinhua
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