Want China Times
Editorial
Date: 2015-05-01
Taiwan stocks have gradually warmed up, hitting the benchmark 10,000 points
The mainland has seen a heated stock market, boosted by a series of financial reforms which have boosted the confidence of global stock investors. The reforms, including the push for the internationalization of the renminbi, the implementation of the Shanghai-Hong Kong Stock Connect and the opening of more free trade pilot zones, have caused accelerated cross-border fund flows and stimulated the development of the mainland capital market. Although the mainland currently still adopts strict controls of its capital accounts and has lagged behind in the marketization of interest rates and foreign exchange rates, the market has anticipated China will gradually abolish its control measures and anti-market rules in line with international operations. [FULL STORY]