非轉(zhuǎn)化型(的)

China's currency, the yuan, is nonconvertible, capital can't flow freely between Hong Kong and the mainland. 由于人民幣仍未完全流通（內(nèi)地仍未開放資本帳），資本不能在中港之間自由流動(dòng)。

But China's nonconvertible currency makes it difficult for Beijing to offer foreigners unfettered access to its financial markets. 但由于人民幣不可自由兌換，中國(guó)政府很難讓外國(guó)投資者自由進(jìn)入其金融市場(chǎng)。

China has significantly eased controls over the international exchange of its currency during the past 30 years, but the yuan remains mostly nonconvertible on global foreign-exchange markets. 雖然過去30年間中國(guó)已大幅放寬了對(duì)人民幣國(guó)際兌換的控制，但人民幣在全球外匯市場(chǎng)上仍基本處于不可兌換狀態(tài)。

nonconvertible bonds 不可轉(zhuǎn)換的債券