China to promote Yuan internationalization: Reuters
|China will continue to push forward the internationalization of Yuan and expects cross-border Yuan payments to account for over a third of all cross-border payments by 2020, sources told Reuters.
Key quotes (Source: Reuters)
- Will "Actively and steadily" deleverage, tackle financial risk sources citing 2016-2020 plan for the financial sector
- Will significantly boost the share of direct financing, especially equity financing-sources
- Will boost the role of price-based monetary policy targets with interest rates as core-sources
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.