皇冠体育app

- 皇冠体育app's central bank announced on Wednesday that it has allowed the 皇冠体育app Foreign Exchange Trading System to carry out direct trading of the yuan against the sterling as an important move between the Chinese and British governments to facilitate bilateral trade.

"The direct yuan-sterling trade is good for forming a direct exchange rate between the?yuan and the British pound and reducing exchange costs for market players," the People's Bank of 皇冠体育app (PBOC), the Chinese central bank, said in a statement on its website.

The PBOC vowed to give "active support" for yuan-sterling direct trading, saying the use of?yuan and sterling in bilateral trade and investment will also be boosted by the arrangement.

The announcement came after Chinese Premier Li Keqiang started a visit to London on Tuesday.

Earlier this year, 皇冠体育app allowed direct domestic trading of the yuan against the New Zealand dollar to encourage such trading as it internationalizes the Chinese currency.

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