Moneycontrol Be a Pro
Get App
you are here: HomeNewsWorld
Last Updated : Nov 06, 2019 08:03 AM IST | Source: Reuters

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.

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.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Nov 6, 2019 07:56 am
Loading...
Sections
Follow us on
Available On