China moves toward greater international use of yuan

02/29/2012 | Wall Street Journal, The

The Shenzhen branch of China's central bank said in a directive that some area banks will be allowed to offer cross-border yuan-remittance services to individual customers, sources said. The move is China's latest in promoting the yuan's international use. "Yuan internationalization started first with allowing businesses to settle trade in the yuan," one source said. "Now [authorities] are planning on bringing down the walls for individuals."

View Full Article in:

Wall Street Journal, The

Published in Briefs:

SmartBrief Job Listings for Business

Job Title Company Location
Vice President, Science and Regulatory Affairs
American Beverage Association
Washington, DC
Director - Career Services
The Culinary Institute of America
Hyde Park, NY
Vice President, HEDIS & Performance Outcomes
Dayton, OH
Director of Contracting and Compliance
CareFirst BlueCross BlueShield
Multiple Locations, MD