Cross-boundary yuan utilization leaps 20Per cent in Jan-Sept on funds market place opening - main banker

SHANGHAI Cross-edge usage of The far east&aposs yuan currency exchange surpassed 14 trillion yuan ($2 trillion) in the January-September time, up 20% from the calendar year previous, a key banking institution formal said on Wednesday.

About 6 trillion yuan of cross-border yuan settlement was for securities expenditure, because of Asia&aposs increased opening of their funds markets, Huo Yingli, director of macroprudential policy bureau with the Folks&aposs Financial institution of Chinese suppliers advised a seminar in Shanghai.

She additional that yuan-denominated assets continue to be desirable, forecasting continuous international cash inflows.

Leave your vote

0 points
Upvote Downvote



Leave a Reply

Your email address will not be published. Required fields are marked *

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.