China's central bank vows to expand yuan's international use in five-year plan

August 10, 2026 6:41 AM EDT

A man walks past a People's Bank of China (PBOC) sign in Beijing, China April 8, 2024. REUTERS/Florence Lo

BEIJING, ‌Aug 10 (Reuters) - ​China's ​central bank pledged ‌in its five-year plan ⁠to keep the ‌yuan exchange rate ‌basically stable and expand the use ​of the Chinese currency ⁠in international trade and ​investment, it said in a statement on ​Monday.

The People's ‌Bank of China also ⁠vowed to resolve risks in ⁠key areas, strengthen financial ​support for expanding consumption and "steadily advance high-level opening ‌up of the financial ‌sector".

(Reporting by ⁠Yukun Zhang ‌and ​Ryan Woo; Editing by Aidan ‌Lewis)



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