A bank clerk counts 100 yuan banknotes at a branch of the Industrial & Commercial Bank of China (ICBC) in Beijing on April 13, 2016. Photo: Reuters A bank clerk counts 100 yuan banknotes at a branch of the Industrial & Commercial Bank of China (ICBC) in Beijing on April 13, 2016. Photo: Reuters
A bank clerk counts 100 yuan banknotes at a branch of the Industrial & Commercial Bank of China (ICBC) in Beijing on April 13, 2016. Photo: Reuters

China’s central banker remind the global markets that the yuan’s challenge to the US dollar is still very much on

  • People’s Bank of China Governor Yi Gang said that promoting broader use of the yuan will continue alongside the opening of markets
  • Policymakers will remove obstacles that stand in the way of broader use of the currency with steady liberalisation of the capital account, increasing yuan exchange-rate flexibility and improving liquidity in the bond market, another official said

Topic |   Yuan
A bank clerk counts 100 yuan banknotes at a branch of the Industrial & Commercial Bank of China (ICBC) in Beijing on April 13, 2016. Photo: Reuters A bank clerk counts 100 yuan banknotes at a branch of the Industrial & Commercial Bank of China (ICBC) in Beijing on April 13, 2016. Photo: Reuters
A bank clerk counts 100 yuan banknotes at a branch of the Industrial & Commercial Bank of China (ICBC) in Beijing on April 13, 2016. Photo: Reuters
READ FULL ARTICLE