China will press ahead with internationalisation of yuan and markets: Sibos panellists

Quick Summary:

China’s financial sector has and will continue to embrace opening up and cooperation,’ said Lu Lei, deputy governor of the PBOC.

Indeed, there is still more room to grow renminbi usage in overseas markets and Hong Kong in particular.

The PBOC will also facilitate cross-border trade, investment, and financing while promoting the internationalisation of the yuan, he said.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChina

Topics: China China’s Financial Kong Internationalisation Markets Global Hong Renminbi Investors Continue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 17:00:11 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 292 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 49 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23150224

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