A People’s Bank of China deputy governor:
- Bank will coordinate relationship between short-term tasks and long-term
goals, stable growth and risk prevention, and internal and external
balances - Will support development of offshore yuan market
- Will prompt trade and investment facilitation
- will accelerate implementation and effectiveness of reledning facility for scient and tech innovation
-
Will support small- and medium-sized tech firms’ first-time loans
and equipment upgrades in key areas with big efforts
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Will establish and improve financial infrastructure, improve service
capacity of yuan cross-border interbank payment system - Will strengthen the
supervision of cross border yuan business - Will make financial
markets more transparent, rule-based and predictable, and increase
the liquidity yuan financial assets - Will support more
foreign central banks, international development institutions and
multinational enterprises in issuing panda bonds in China
This article was written by Eamonn Sheridan at www.forexlive.com. Source