BEIJING: China’s central bank is pledging to keep the country’s stock, bond and foreign-exchange markets stable, and says it will further promote the internationalisation of the yuan to expand its use in cross-border payments.
The People’s Bank of China (PBoC) also reiterated its intention to “deepen reform” of the yuan exchange rate mechanism, while keeping the currency stable at a “reasonable and equilibrium” level, according to a statement released last Friday.
