More on Bbg from the Peoples Bank of China and further measures to support trade growth that Ryan posted earlier
- will expand financing channels for companies
- encourages banks on financial innovations
- supports banks on cross-border yuan settlement business
- will promote yuan direct trading with other currencies
- encourages Chinese companies issuance of yuan bonds overseas
- encourages banks to lend more to China’s exporters
Coming out of the stone-age in rapid time it would appear. I’ll brush up on my Mandarin
