China to promote Yuan internationalization: Reuters

Omkar Godbole FXStreet Contributor

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

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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