Renminbi internationalisation slightly delayed by stock market rout
Panellists at 6th Pan Asia Regulatory Summit say Chinese regulators held back after stock market turmoil
The stock market rout might have slowed the pace of renminbi internationalisation, as China's regulators have had to reconsider the timing of opening up the domestic financial market, but the volatility has not diminished their determination to reach this final goal, say market experts.
China's stock market benchmark Shanghai Composite Index has dropped about 36% from the peak level of 5,166 in mid-June to 3,293 on October 13.
One popular opinion among Chinese investors over the reason for the
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