China central bank: yuan's global acceptance to be driven by market

EghtesadOnline: The internationalization of the yuan has exceeded people's expectations and its global acceptance will be driven by market forces, Yi Gang, a China central bank vice governor, said on Monday.

News ID: ۷۶۸۸۳۵

15 August 2016

China will continue to reform its bond market as major international institutions look to issue debt denominated in special drawing rights (SDRs), Yi also told a news conference.