According to a Reuters source
- Will boost role of price-based monetary policy targets with interest rates as core
- To promote yuan internationalisation
- Expects cross-board yuan payments to account for 1/3 of all cross border payments by 2020
The source is citing China's 2016-2020 plan for the financial sector. It's not really anything new as mentioned several times before that China is steadfast about eliminating risks in the financial system and about deleveraging. The shake up in the central bank's appointment post-governor Zhou highlights that, along with the consolidation of bureaus in the country.
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