PBOC To Boost Yuan Settlement Trial

The People’s Bank of China (PBOC) will continue to boost its trial program to settle international trade in yuan, The Wall Street Journal reports. The Chinese central bank will increase the use of yuan in cross-border investment and financing flows.

The apex lender is also reviewing the use of yuan settlement for foreign direct investment and yuan-denominated foreign debt. The PBOC will also allow other countries seeking to use the yuan as a reserve currency.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.