The International Finance Market Report 2009 issued by the People’s Bank of China on April 2 pointed out that China will continuously support markets to grow and innovate, further optimize the investor structure to boost the formation of the investor team with institutional investors as main and properly expand overseas participation in Chinese financial market to fully push forward the pilot RMB settlement in cross-border trade.

The Report pointed out that China will study the scope of the pilot RMB settlement in cross-border trade and deliberate promoting the goods trade in the pilot project to trade in services, explore the circulation and exchange mechanism of overseas RMB capital, positively widen overseas RMB investment channel to develop RMB offshore market and continuously steadily push forward the process of exchangeable capital project in China.

Source: China Securities Journal