China Expands Yuan Global Use and Tightens Financial Risk Controls

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China unveiled a series of measures to accelerate the global use of the yuan and strengthen oversight of financial risks during the annual Lujiazui Forum in Shanghai. Pan Gongsheng, Governor of the People’s Bank of China (PBOC), announced that six banks have been authorized to conduct offshore yuan transactions in the Shanghai Free Trade Zone [...] The post China Expands Yuan Global Use and Tightens Financial Risk Controls appeared first on Modern Diplomacy .