PBoC Zhou quoted on the news-wire

FXstreet.com (Barcelona) - The Governor of the People's Bank of China Mr. Zhou was actively quoted through the Asian session speaking from Shanghai.

In headline cited by Bloomberg, Zhou said China will develop as a financial centre, pointing at evidence about the growing influence of the Shanghai stock indices as globally. On the Yuan, Zhou said the convertibility process set to accelerate, adding that China is now looking to enhance onshore fx rates’ guiding offshore rate, and allow trading of yuan with more currencies.

On the role of foreign players in the interbank market, Zhou said China will allow more and better access, while encouraging opening of money, foreign exchange and bond markets.