On Saturday, Yi Gang of the Chinese central bank announced that China would aim to boost the flexibility of the country’s yuan currency and reduce the limitations on the cross-border use of the Chinese yuan.
According to Yi, the move would help encourage the opening up of the financial services sector in China.
Yi made these comments at the Bund Summit conference in Shanghai.
Yi added that China would also seek to further develop the system for the international use of the yuan to facilitate currency internationalization.
The Panthera Post 