PBOC plans to boost international use of Chinese Yuan
The People's Bank of China (PBOC) launched a multi-pronged strategy on Monday to stabilize domestic markets and elevate the Chinese Yuan's global standing.
Key quotes
Plans to enhance real estate financial oversight.
Plans to expand yuan offshore market.
Will boost international use of yuan.
To intensify review of macroeconomic and financial efforts.
Will support real estate market to halt decline and stabilise.
To innovate macro-prudential policy tools and foster sustained economic recovery and improvement.
To explore broadening central bank’s macroprudential and financial stability roles.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Update: US Equity Indexes Retreat Amid Rotation Out of High-Growth Sectors, Surge in Crude Oil
Grayscale Opens 3 Crypto Funds on Republic With $2,500 Minimum for Eligible Investors
Mastercard Taps 17B Endpoints With BVNK Stablecoin Platform Across 200+ Markets
Indonesia Stock Market Crash: Will MSCI Downgrade Warning Trigger More Foreign Investor Outflows?
Crypto prices
More
