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The Central Bank of Shanghai (Reuters) said that the official expansion of the official expansion of official expansion to accelerate the official expansion of the yuan international expansion of Yuan International.
US President Donald Trump comes comments as called “mutual” tariffs that shake the global trade and roiled financial markets.
Although Trump has announced a 90-day break in the tariff trips for most countries, he raised the tasks of 145% to 145%, and wanted to take revenge on Beijing.
People’s Bank of China (PBOC) encouraged the commercial banks in Shanghai to promote the financing of Yuan’s financing in Shanghai, the financing of Yuan’s financing and yuan dominated import and exports.
“This will strengthen the construction of the borderless interbank payment system (CIPS) in the construction of the borders and will advance to the application of research and blockhain technology and provide safe and efficient settlement and clearing services for global trade, investment and financing.”
The Central Bank will also support the Shanghai Gold Exchange to cooperate with other foreign exchange and expand the application of yuan benchmark prices in global basic markets.
The PBOC joint notice noted the national financial regulatory management, foreign exchange and the Shanghai Municipal Government.
(Shanghai News Room Report. Regulation by Jane Merriman)
