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Analysis details (17:25)
- It was Guo who announced that Beijing will expand the quota for the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme by RMB 200bn from the current RMB 70bn at the weekend.
- According to the FT, Li and is one of the candidates for the position of head of the central bank if Zhou Xiaochuan steps down. With strong support from a powerful premier, he could promote some liberalization in China’s financial sector, albeit within the constraints of Li’s cautious attitude to reforms.
Full FT blog: http://blogs.ft.com/beyond-brics/2012/11/14/guest-post-dont-not-expect-radical-reforms-in-china/#axzz2CF4PvCTz
14 Nov 2012 - 17:22 - - Source: RANsquawk
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