Global EditionASIA 中文双语Français
Business
Home / Business / Finance

China to expand cross-border RMB use

Xinhua | Updated: 2018-05-08 14:08
Share
Share - WeChat
Chinese 100 yuan banknotes. [Photo/VCG]

BEIJING - China will continue to expand cross-border use of its currency Renminbi, or yuan, this year, according to the central bank.

The global use of the Chinese yuan is one highlight of China's financial reforms over about a decade, Pan Gongsheng, deputy head of the People's Bank of China (PBOC) said at a meeting Monday.

Pan said China would gradually make the RMB capital account convertible, consolidate market-oriented interest rate reform and improve macro prudential regulation.

In 2018, The central bank will "continue optimizing policies on cross-border RMB use, improving the infrastructure for the global use of RMB, meeting the reasonable demands of market entities and pushing the global use of RMB to a new level," said a statement released after the meeting.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE