RMB convertibility will be July 2 in the implementation of Taiwan. According to media reports on the 29th, the People's Bank of China said the yuan convertible foreign officials in Taiwan's implementation of deliberations on the two sides are to be one-way or two-way exchange, while the Taiwan dollar and the RMB UnionPay cards in Taiwan, have been identified recently to be done Thing.

According to reports, as the Taiwan Stock of the renminbi bank limited, preliminary may only open one-way exchange. But on the final two sides are still "two-way" or "one-way" for final discussion. Taiwan may allow the yuan to the initial exchange of the U.S. "one-way exchange," a maximum of 20,000 yuan. Future supply a steady supply of RMB, to open "two-way exchange."

To cope with mainland tourists to Taiwan in July, the Taiwan side will be developed in the near future related to dollar, the yuan convertible for tourists to provide convenience. Taiwan will also be open as far as possible in all regions of the dollar, not only international airport or port. If the People's Bank promised to authorize the Hong Kong Bank and other banks will be the third in RMB supply sources to Taiwan local banks, then open in July this year, the renminbi convertible in Taiwan, it may take two-way convertibility of the model. The source also disclosed that the Taiwan side inclined to adopt the "one-way convertibility", in addition to the RMB supply uncertainties, the main worry that the market generally bullish on the renminbi, for fear that residents rush to NT dollar with the yuan.