Beijing ramps up efforts to take yuan global (opens original article in a new tab)

China announced new measures to promote the global use of the yuan and improve liquidity management, including authorizing six banks for offshore yuan transactions in Shanghai and creating a liquidity tool for overseas authorities.

• China unveils measures to promote offshore use of yuan and improve liquidity tools
• Six banks authorised to conduct offshore yuan transactions in Shanghai free trade zone
• PBOC creates yuan liquidity tool for overseas central banks and financial organisations