China Aims to Boost Yuan Internationalization With Digital Assets -- Market Talk

Dow Jones
2025/06/19

0341 GMT - China aims to boost yuan internationalization with new measures promoting digital assets, HSBC economists say in a research note. At a speech at the Lujiazui Financial Forum on Wednesday, PBOC Gov. Pan Gongsheng announced new measures aiming to link digital finance innovations with financial market opening, such as via digital currencies and cross-border payments. Notably, PBOC announced a new international digital CNY operation center, and a vision for a more competitive multipolar currency system. HSBC reckons U.S. dollar weakness this year has likely given the PBOC more room to ease control over capital flows and shift back to more long-term policy goals. Chinese policymakers will likely take the chance to promote the wider usage of CNY in international transactions. (sherry.qin@wsj.com)

 

(END) Dow Jones Newswires

June 18, 2025 23:41 ET (03:41 GMT)

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