From The Economic Times · Anupam Nagar · · 1m 10s
China's Central Bank Boosts Global Investor Support
China's central bank will provide additional support to global investors and issuers seeking to participate in its financial markets.
In brief
China's central bank will provide additional support to global investors and issuers seeking to participate in its financial markets. China's central bank aims to strengthen international financial connectivity and expand the yuan's global role by improving offshore market access. Originally reported by The Economic…
China's Central Bank
China's central bank will provide additional support to global investors and issuers seeking to participate in the country's financial markets.
PBOC Governor Pan Gongsheng
PBOC Governor Pan Gongsheng said the institution would work to improve connectivity between domestic and overseas financial infrastructure.
Offshore Yuan Market
Developing the offshore yuan market supports yuan-denominated financing and investment while providing international institutions with more opportunities to trade and hold yuan assets.
Yuan Bonds as Collateral
The PBOC plans to promote yuan-denominated bonds as globally recognised collateral to broaden their acceptance in international financial transactions.
Global Financial Connectivity
Better links between domestic and international financial systems could help reduce operational barriers for foreign investors and issuers.
Yuan's International Role
Promoting Chinese yuan bonds as recognised collateral could further improve their utility for global financial institutions.
The headline
China's central bank aims to strengthen international financial connectivity and expand the yuan's global role by improving offshore market access.
