China’s central banker remind the global markets that the yuan’s challenge to the US dollar is still very much on

//China’s central banker remind the global markets that the yuan’s challenge to the US dollar is still very much on

China’s central banker remind the global markets that the yuan’s challenge to the US dollar is still very much on

Investors wondering how China plans to evolve its financial markets in the coming years need look no further than the commentary from the weekend’s Bund Summit in Shanghai for guidance.People’s Bank of China governor Yi Gang said that promoting broader use of the yuan will continue alongside the opening of markets. “The regulator’s main job is to reduce restrictions on the cross-border use of the currency, and let it take its own course,” he said.Those comments were echoed by Zhu Jun, director…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-11-06T03:13:43+00:00 November 6th, 2020|Business|Comments Off on China’s central banker remind the global markets that the yuan’s challenge to the US dollar is still very much on