PBOC Governor says will improve monetary policy toolbox

  • Announcing an "e"CNY

People's Bank of China Governor Pan Gongsheng

  • Will set up e-CNY international operation center in Shanghai
  • Will work with securities regualtor to push forwad yuan FX futures trading in Shanghai
  • Will improve monetary policy tool box
  • Yuan has become world’s third payment currency
  • Will set up interbank market transaction reporting database in Shanghai
  • Will work with securities regualtor to push forward yuan FX futures trading in Shanghai
  • Traditional cross border payment has faced multiple problems
  • To develop free trade offshore bonds, upgrade free trade account functions
  • China may increase regular SDR issuance and expand its scale in the future
  • Risks of shadow banking has greatly lowered
Pan Gongsheng pboc People's Bank of China governor

Pan Gongsheng People's Bank of China governor

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