In the news: Investors talk RMB free float objectives, MOFCOM calls for Didi-Uber China merger filing and the State Council sets high R&D goals

This week the PBOC's to-do list for a fully convertible currency was discussed, MOFCOM cracked down on M&A parties that fail to file, and China pledged to increase R&D spending to 2.5% of its GDP by 2020 as well as dedicate Rmb430 billion to improving water quality

6 minute readAugust 12, 2016 at 02:11 AM

Katherine Jo

In the news: Investors talk RMB free float objectives, MOFCOM calls for Didi-Uber China merger filing and the State Council sets high R&D goals

The PBOC's must-dos for a renminbi free float

A true free float of China's currency is as far as a decade away, said top forecasters, as therenminbi is still nowhere close to being fully convertible (meaning no

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