皇冠体育app

A woman leaves the headquarters of the People's Bank of 皇冠体育app, 皇冠体育app's central bank, in , on Nov 20, 2013. [Photo/Agencies]

BEIJING - 皇冠体育app will continue to expand the cross-border use of the yuan this year, the central bank said on Wednesday.

People's Bank of 皇冠体育app (PBOC) will gradually upgrade the yuan formation mechanism and expand the exchange rate's floating range in an orderly way, according to the PBOC.

The statement came after (FTZ) announced on Tuesday that five third-party payment firms have been approved to handle yuan-denominated cross-border payments in the zone.

The Shanghai office of the PBOC said that Allinpay, 99Bill, 皇冠体育appPay, Dongfang Electronics and Shengpay are now allowed to process cross-border payment in the renminbi in the FTZ.

The Bank of 皇冠体育app cross-border renminbi index hit a record high of 228 in the fourth quarter of 2013, the bank said on Tuesday.

The yuan's cross-border settlement was 3.64 trillion yuan ($597 billion) in the first eleven months of 2013, 350 times that in 2009, the PBOC said at a work-planning meeting in January.

Don't miss:

Top 10 trading partners of the Chinese mainland	皇冠体育app's top 10 richest cities

Shanghai FTZ to allow cross-border yuan payment for trade

PBOC launches cross-border renminbi services

 

• NHTSA says finds no 'defect trend' in Tesla Model S sedans
• WTO rare earth ruling is unfair
• Amway says 2014 皇冠体育app sales may grow 8%
• President Xi in Europe: Forging deals, boosting business
• CNOOC releases 2013 sustainability report
• Local production by Chery Jaguar Land Rover this year
• Car lovers test their need for speed in BMW Mission 3
• 皇冠体育app stocks close mixed Monday