People’s Bank of China’s international division DG Zhu Jun said the government can be more proactive with policy support to facilitate the role of the market.
SHANGHAI: China is reconsidering its strategy for the internationalisation of the yuan and planning for more policy support after completing a comprehensive review recently, according to a senior central bank official.
"As everybody knows in the past, the internationalisation of the RMB (yuan) sticks to the market principles, ” Zhu Jun, director general of the People’s Bank of China’s international division, said at the Bund Summit in Shanghai on Saturday.
"The role of the authorities was mainly focused on removing the policy obstacles for the free use of the currency. At this moment, we think there are some kinds of complications in the domestic and overseas situations.”
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