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China’s PBOC Vows Steps to Promote Use of Yuan Around the World
Yahoo Finance· 2025-10-17 18:41
The People's Bank of China in Beijing. Bloomberg Chinese authorities pledged to make it easier for onshore and overseas institutions to use the yuan, part of their push to promote the currency globally. Beijing will support the yuan’s usage as a financing currency for foreign institutions and take measures to open up its financial markets, according to an article by a newspaper backed by the People’s Bank of China and published on the central bank’s social media account Friday. That would make cross-bord ...