Free Trial

The PBOC will promote yuan...............>

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. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.