Focusing on RMB internationalization and two-way openingup of the financial sector, we will actively support Shanghai in its building of an RMBdenominated financial asset allocation and risk management center to improve the width and depth of the RMB financial market.
If you look at the behaviour of other central banks, it is very similar—so it is not much of a surprise that other central banks have also cited uncertainty as a rationale for waiting.16 For the business people in the room who have considered large capital expenditures, this reasoning must sound familiar.