Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /home/fintekas/public_html/wp-content/plugins/social-networks-auto-poster-facebook-twitter-g/inc/nxs_functions_engine.php on line 173

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /home/fintekas/public_html/wp-content/plugins/social-networks-auto-poster-facebook-twitter-g/inc/nxs_functions_engine.php on line 180

Warning: Cannot modify header information - headers already sent by (output started at /home/fintekas/public_html/wp-content/plugins/social-networks-auto-poster-facebook-twitter-g/inc/nxs_functions_engine.php:173) in /home/fintekas/public_html/wp-content/plugins/wp-super-cache/wp-cache-phase2.php on line 1197
Chinese Yuan Assets Held By Foreign Central Banks Up 13% – FintekAsia


Chinese Yuan Assets Held By Foreign Central Banks Up 13%


Warning: Use of undefined constant php - assumed 'php' (this will throw an Error in a future version of PHP) in /home/fintekas/public_html/wp-content/themes/colornews-child/template-parts/content-single.php on line 53

Foreign central banks held a total of RMB563.5 billion (US$81.1 billion) Yuan-denominated assets by the end of last year, up 13% year-on-year, indicating increasing willingness by foreign central banks to hold Yuan assets on their balance sheets.

"We are optimistic about the rising Yuan assets held by foreign central banks. This reflects the Yuan’s formal inclusion in the SDR currency basket with the opening of China’s financial market, and the increasing willingness of overseas institutions to accept yuan-denominated products and to hold yuan assets," said Wang Chunying, spokesperson for China’s State Administration of Foreign Exchange (SAFE), during a press conference yesterday.

China is working toward achieving full RMB convertibility and make it a global reserve currency of choice before 2020. But the RMB's share of global central...



Warning: Use of undefined constant php - assumed 'php' (this will throw an Error in a future version of PHP) in /home/fintekas/public_html/wp-content/themes/colornews-child/template-parts/content-single.php on line 108

This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like