Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 30 January 2012 [View all]Ghost Dog
(16,881 posts)(Reuters) - China intends to establish Shanghai as the global centre for yuan trading, clearing and pricing over the next three years as part of broader plans to make the commercial hub an international financial centre by 2020.
The plan for Shanghai's financial innovations through 2015, published jointly by the country's economic planning agency and the Shanghai government on Monday, set goals on a wide range of areas aimed at further developing Shanghai, though some analysts said many of them appeared ambitious...
... China wants to transform Shanghai into an international financial centre on par with the likes of New York and London by 2020. That goal was set in 2009 by the State Council and analysts have taken it as a broad deadline for liberalising the currency.
/... http://uk.reuters.com/article/2012/01/30/uk-china-economy-shanghai-idUKTRE80T0DY20120130