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Cross-border yuan usage jumps 20% in January-September on capital market opening: Central banker

About 6 trillion yuan of cross-border yuan payment was for securities investment, thanks to China's accelerated opening of its capital markets, Huo Yingli, director of macroprudential policy bureau at the People's Bank of China told a conference in Shanghai.

November 06, 2019 / 08:03 AM IST

Cross-border usage of China's yuan currency exceeded 14 trillion yuan ($2 trillion) during the January-September period, up 20% from a year earlier, a central bank official said on Wednesday.

About 6 trillion yuan of cross-border yuan payment was for securities investment, thanks to China's accelerated opening of its capital markets, Huo Yingli, director of macroprudential policy bureau at the People's Bank of China told a conference in Shanghai.

She added that yuan-denominated assets remain attractive, forecasting continuous foreign money inflows.
Reuters
first published: Nov 6, 2019 07:56 am

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