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.
Taiwan Readies for Yuan Convertibility
Taiwan Readies for Yuan Convertibility
Taiwan Readies for Yuan Convertibility
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.