PBOC Deputy Governor Lu Lei Says Overseas Entities Hold More Than 11 Trillion Yuan in Onshore RMB Financial Assets

According to Jin10, People's Bank of China Deputy Governor Lu Lei said on September 10 that overseas entities currently hold more than 11 trillion yuan in onshore RMB financial assets, more than 80 central banks or monetary authorities have included the yuan in foreign exchange reserves, and panda bond issuance has exceeded 1.3 trillion yuan, with issuers covering 26 countries and regions across five continents.