PBOC Deputy Governor Pan: Yuan internationalization should be market-driven

Further comments are crossing the wires from the PBOC Deputy Governor and State Administration of Foreign Exchange (SAFE) Pan Gongsheng, as he continues to talk about Yuan internalization.

Key Quotes:

Yuan internationalization should be market-driven, cannot be accomplished overnight.

Will further develop financial products in offshore yuan markets and provide necessary liquidity support.

Will step up monitoring of cross-border capital flows to prevent risks.