BEIJING (Reuters) - China's will further expand yuan cross-border financing and investment channels, and will further expand cross-border usage of the yuan under the current account, the central bank said on its website on Wednesday. China will also increase the amount of yuan used as a reserve currency, the People's Bank of China said in a report on the internationalization of the yuan.
The yuan is set to be included in the IMF's special drawing rights basket for the first time in October.