It allows only limited convertibility of its currency, the yuan, and tightly restricts foreign investment in the country's capital markets. 中国只允许人民币有限兑换,并严格限制外资投资中国资本市场。
Convertible bonds attract a lot in the capital market, as its profit is unlimited and risk is limited, but the most important thing is convertibility. 可转换债券因其具有收益可以无限而风险有限的特征,而在资本市场上魅力无穷,但其根源还在于其特殊性质&可转换性。
The high concentration arise from foreign exchange control, RMB limited exchange convertibility, market entry limits and some historical factors. 造成我国外汇市场集中度较高的主要原因有外汇管制措施、人民币有限兑换、市场准入限制以及历史因素等。