Stephen Greene Yuan Quotations

As soon as we have market makers, banks will be given freedom to price dollars against yuan. They would definitely create a market. We expect the margin in which the yuan is traded will widen.

They've been slow on opening the floodgates to allow more capital out of the country because even though now there are clear reasons for bringing capital into China, some day people will want to get out of the yuan - whether it's for safety or a higher return.

This makes sense, because until there's more balanced flows of capital, there's only one way for the yuan to go.