非转化型(的)
China's currency, the yuan, is nonconvertible, capital can't flow freely between Hong Kong and the mainland. 由于人民币仍未完全流通（内地仍未开放资本帐），资本不能在中港之间自由流动。
But China's nonconvertible currency makes it difficult for Beijing to offer foreigners unfettered access to its financial markets. 但由于人民币不可自由兑换，中国政府很难让外国投资者自由进入其金融市场。
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. 虽然过去30年间中国已大幅放宽了对人民币国际兑换的控制，但人民币在全球外汇市场上仍基本处于不可兑换状态。
nonconvertible bonds 不可转换的债券
