CIPS has launched.
CIPS is the renminbi equivalent service to our Western SWIFT payment clearing system.
So despite the imminent meltdown of China; things keep proceeding as planned. They are going to have to learn to accept that the market should dictate; and that they should focus their law efforts not on restricting the market, but making it transparent and quick (and brutal) to punish fraud, and other deceptive practices. It'd be awesome to see a country where a fraud perpetrating financier gets walked out the back of the courtroom and a bullet put in its head.
Free the Renminbi!!!!