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China to widen yuan trading band, expand convertibility - c.bank
February 19, 2014 / 8:38 AM / 4 years ago

China to widen yuan trading band, expand convertibility - c.bank

BEIJING, Feb 19 (Reuters) - China will expand the yuan trading band in an orderly way and quicken convertibilty on the capital account, the central bank said on Wednesday.

In a statement published on its website, www.pbc.gov.cn, the People’s Bank of China also said it would steadily expand cross-border yuan usage. (Reporting by Kevin Yao)

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