Latest News
China to expand cross-border RMB use
Last Updated: 2018-05-09 14:52 | Xinhua
 Save  Print   E-mail

China will continue to expand cross-border use of its currency Renminbi 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.

0
Share to 
Related Articles:
Most Popular
BACK TO TOP
Edition:
Chinese | BIG5 | Deutsch
Link:    
Xinhuanet | Chinadaily.com.cn | People's Daily Online | China.org.cn | CNTV | China.com | Global Times | Ecns.cn | China Youth International | Visit Beijing | Taiwan.cn
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved