PBOC Governor Zhou comments suggest some imminent reform announcements coming
The National Congress comes up starting October 18
Here's a piece from Bloomberg on People's Bank of China Governor Zhou Xiaochuan comments this week, suggesting imminent reform announcements are on the agenda.
It highlights 2 potential policies to look for in the near term:
- loosening of foreign investment restrictions
- launch of domestic oil futures ... A new oil futures contract in the Shanghai free trade zone might sound trivial, but it could be the first step in removing capital controls on remittance of foreign investors' profits.