Six policy signals China sent at G20 Summit

Updated: 2016-09-08 07:08


Six policy signals China sent at G20 Summit

A Chinese clerk shows new-version 100-yuan banknotes at a bank in Shenyang city, Northeast China's Liaoning province, Nov 12, 2015. [Photo/IC]

Promoting RMB internationalization

President Xi said China will continue to promote the internationalization of renminbi and improve the international level of its financial sector during the G20 Summit.

Before the summit, the World Bank issued the first ever renminbi-settled special drawing right (SDR) bonds, marking a milestone for the renminbi's internationalization.

China will create better conditions for the issuance of SDR bonds and other financial products in the future, said Yi Gang, deputy governor of the People's Bank of China (PBOC), at a press release before the G20 Summit.