Markets News

Cross-border yuan usage jumps 20% in Jan-Sept on capital market opening - c.banker

SHANGHAI, Nov 6 (Reuters) - Cross-border usage of China’s yuan currency exceeded 14 trillion yuan ($2 trillion) during the January-September period, up 20% from a year earlier, a central bank official said on Wednesday.

About 6 trillion yuan of cross-border yuan payment was for securities investment, thanks to China’s accelerated opening of its capital markets, Huo Yingli, director of macroprudential policy bureau at the People’s Bank of China told a conference in Shanghai.

She added that yuan-denominated assets remain attractive, forecasting continuous foreign money inflows. ($1 = 6.9961 Chinese yuan) (Reporting by Winni Zhou and Andrew Galbraith; Writing by Samuel Shen; Editing by Himani Sarkar)