PBOC chief Zhou Xiaochuan. The central bank has welcomed foreign central banks to trade in the domestic forex market. Photo: Reuters

Business leaders' confidence in yuan currency remains low

Sudden currency devaluation dents business leaders' confidence, raising concerns about year-end deadline for capital account reform

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PBOC chief Zhou Xiaochuan. The central bank has welcomed foreign central banks to trade in the domestic forex market. Photo: Reuters
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Jing Yang

Jing Yang

Jing Yang is a business reporter with the SCMP. She has four years’ experience covering companies and recently shifted her focus to markets. Jing holds bachelor of economics and master of journalism degrees and is fluent in English, Putonghua and Cantonese. She is from Guizhou province in Southwest China, a remote place famous for bizarre, breathtaking landscapes, the country’s biggest waterfall and the national wine Moutai. Always keeping an open mind, Jing would like to hear your feedback, suggestions and critiques.