Shanghai has applied to regulators to launch a free exchange between the yuan and the New Taiwan dollar to enhance financial cooperation, the head of the Shanghai Financial Service Office said Sunday.
"With growing trade between Shanghai and Taiwan in recent years, we hope that a free exchange between the yuan and the New Taiwan dollar can be conducted in Shanghai as a trial," said Fang Xinghai at the 6th China International Finance Forum.
"We have applied to the regulators and expect it will be approved soon," Fang said at the two-day forum which ended Sunday.
Shanghai has recently launched a cross-border currency clearing system and Fang expects that it will be extended to Taiwan soon.
日本外务省发年度报告: 中朝俄是最严重威胁
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日本外务省日前发表了年度外交政策白皮书,指日本正面临着二战以来最严重和复杂的安全局势,挑战主要来自中国、朝鲜和 […]...
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