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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