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.
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