China fails to set timetable for financial reforms

True to form, mainland policymakers played safe in setting the latest five-year blueprint for the nation's financial sector, with no ambitious deadlines set for important reforms.

Investors hoping for a timetable providing a countdown to the full convertibility of the yuan and the free movement of yuan exchange rates - the most keenly awaited reform of the sector - would have scoured in vain through the financial reforms of the 12th five-year plan for 2011 to 2015.

via Business feed http://www.scmp.com/business/economy/article/1051834/china-fails-set-timetable-financial-reforms