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PBoC vows to reduce policy inconsistencies hindering cross-border RMB transactions

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The central bank (PBoC) is hell bent on cleaning up the messy regulatory patchwork clogging up cross-border use of the RMB.
The PBoC’s annual report on RMB internationalization, published on Thursday, made it a priority to:

“Systematically remove policy bottlenecks”
“Comprehensively clean up and co...



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