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3Novices:Central bank chief says cross-border yuan settlement system to launch in Shanghai soon

China’s central bank governor Zhou Xiaochuan says a cross-border yuan settlement system will soon be launched in Shanghai, in a renewed effort to bolster the local currency’s internationalisation drive and reinforce city’s bid to become a global financial centre.
The China International Payment System, known as CIPS, has been more than five years in the making by the People’s Bank of China, which reflected Beijing’s ambitions of creating a unified network for…
June 20, 2017 at 12:25PM http://ift.tt/2tHVtFR
#3Novices #News #OnlineMedia #China 3Novices China

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