China will continue to push forward the internationalization of Yuan and expects cross-border Yuan payments to account for over a third of all cross-border payments by 2020, sources told Reuters.
Key quotes (Source: Reuters)
- Will “Actively and steadily” deleverage, tackle financial risk sources citing 2016-2020 plan for the financial sector
- Will significantly boost the share of direct financing, especially equity financing-sources
- Will boost the role of price-based monetary policy targets with interest rates as core-sources
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