China Revs Up Support for Offshore Yuan Funding With New Rules
China’s central bank announced a new set of rules to facilitate cross-border yuan funding between local and foreign financial institutions, paving the way to boost the currency’s usage abroad.
By Charlie Zhu, Wenjin Lv, Iris Ouyang, Qizi Sun · Bloomberg Markets
China’s central bank announced a new set of rules to facilitate cross-border yuan funding between local and foreign financial institutions, paving the way to boost the currency’s usage abroad.