PBOC Deputy Governor Lu Lei told a State Council news briefing on Sept. 10 that
During the 15th Five-Year Plan period the central bank will support healthy
offshore RMB market development, optimize the RMB clearing bank network and
build multi-tier, cross-maturity liquidity-supply mechanisms to keep offshore
RMB liquidity ample and stable. He said the PBOC will normalize issuance of
government bonds and central bank bills to broaden the supply of high-grade RMB
assets.
