People cross the road as a screen shows the latest stock and currency data in Shanghai on October 8. Many in the currency markets believe the yuan has entered a period of secular advance and that Beijing can afford to relax capital controls. Photo: EPA-EFE People cross the road as a screen shows the latest stock and currency data in Shanghai on October 8. Many in the currency markets believe the yuan has entered a period of secular advance and that Beijing can afford to relax capital controls. Photo: EPA-EFE
People cross the road as a screen shows the latest stock and currency data in Shanghai on October 8. Many in the currency markets believe the yuan has entered a period of secular advance and that Beijing can afford to relax capital controls. Photo: EPA-EFE
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

China is well on its way to becoming a powerful centre of finance – it just needs to loosen up more

  • Finance companies are piling into China, attracted by its economic rebound and strong currency. The nation can now afford to open up its capital markets and realise its potential as a financial centre

People cross the road as a screen shows the latest stock and currency data in Shanghai on October 8. Many in the currency markets believe the yuan has entered a period of secular advance and that Beijing can afford to relax capital controls. Photo: EPA-EFE People cross the road as a screen shows the latest stock and currency data in Shanghai on October 8. Many in the currency markets believe the yuan has entered a period of secular advance and that Beijing can afford to relax capital controls. Photo: EPA-EFE
People cross the road as a screen shows the latest stock and currency data in Shanghai on October 8. Many in the currency markets believe the yuan has entered a period of secular advance and that Beijing can afford to relax capital controls. Photo: EPA-EFE
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