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

TOP PICKS

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