The internationalization of the yuan is.......>

CHINA: The internationalization of the yuan is pushing forward at a stable pace

and the currency maintains a solid status in the global currency system, the

People's Bank of China said in its annual Renminbi Internationalization Report

on Wednesday. The use of the yuan is further expanding, and as of December 2016

it was the sixth-largest payment currency in the world, the report said, citing

SWIFT statistics. The yuan's function as a reserve currency also has been

enhanced, the report said. In the first half of 2017, the European Central Bank

added EUR500 million of yuan foreign-exchange reserves, while over 60 countries

overall have included the yuan in their foreign-exchange reserves, the report

said. As of the end of 2016, 407 foreign institutions had entered China's

domestic interbank bond market, with investment volume totaling CNY1.97

trillion, as China simplified the management over qualified foreign

institutional investors, the report noted. By the end of June, the issuance of

panda bonds -- yuan-denominated bonds from a non-Chinese issuer -- totaled

CNY194 billion, the report said. In 2016, daily trade volume in the domestic

yuan exchange market reached $83.2 billion, it added.