Asia Sentinel

Asia Sentinel

Share this post

Asia Sentinel
Asia Sentinel
Taiwan Readies for Yuan Convertibility

Taiwan Readies for Yuan Convertibility

Our Correspondent
Nov 30, 2012
∙ Paid

Share this post

Asia Sentinel
Asia Sentinel
Taiwan Readies for Yuan Convertibility
Share

Starting Saturday, Chinese and Taiwanese banks are expected to be able to freely conduct currency exchanges in both the Chinese yuan and the New Taiwan dollar, paving the way for the island to become a regional offshore yuan trading hub in direct competition with Hong Kong and Singapore.

The opening is also expected to bring about very concrete benefits …

Keep reading with a 7-day free trial

Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Asia Sentinel
Publisher Privacy
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share