PBoC releases RMB internationalization report

Over the last couple of years, Beijing has elevated RMB internationalization as a policy goal. It’s slow going, but a regular flow of supportive reforms – as well as growing international RMB use fueled by Western sanctions on Russia over its invasion of Ukraine – will ensure further progress.
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Shanghai Stock Exchange releases development plan for 2021-2025

The SSE’s plans for the coming years are, not surprisingly, aligned with the development central policymakers want to see in China’s capital markets. Beijing’s overarching goal is to drive more of Chinese citizens’ savings into stocks and bonds and away from simple bank deposits and real estate…
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