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CHINA YUAN
MNI (Beijing)
CHINA YUAN: The PBOC will promote yuan internationalization, support Shanghai's
trial cross-border yuan-related businesses and products, optimize yuan's
function in setting commodity prices, and support One Belt, One Road initiative,
Governor Yi Gang said at the Lujiazui forum in Shanghai on Thursday.
- To promote capital account convertibility, support Shanghai's forex regulatory
reform, promote capital accounts' convenience and convertibility: Yi;
- To enhance financial markets and services, push Shanghai to become center for
global finance and markets: Yi;
- To further remove shareholding and licensing restrictions on foreign
institutions, promote financial innovation and fintech development: Yi. 

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