PBoC to help Chinese firms boost overseas investment
Central bank to facilitate yuan internationalisation amid external uncertainty, deputy governor says
China’s central bank will introduce a set of policies to bolster global use of the yuan and help Chinese firms increase their overseas investment footprint, its deputy governor has said.
Speaking to reporters in Beijing today (April 23), Lu Lei explained the rationale behind the People’s Bank of China’s action plan on boosting global investment. The roadmap – titled ‘an action plan to further enhance cross-border financial services facilitation in the international financial centre of Shanghai’ –
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