PBoC officials lay out offshore RMB roadmap
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Beijing is systematizing its offshore RMB market buildout. At a July 15 presser, central bank (PBoC) monetary policy chief Xie Guangqi laid out a four-part plan for developing the offshore RMB market.
Invoking the 15th Five-Year Plan’s (FYP) mandate to “develop the RMB offshore market,” Xie’s plan ...