August 15, 2016 / 3:42 AM / in a year

China central bank: yuan's global acceptance to be driven by market

BEIJING (Reuters) - The internationalization of the yuan has exceeded people’s expectations and its global acceptance will be driven by market forces, Yi Gang, a China central bank vice governor, said on Monday.

A 100 Yuan note is seen in this illustration picture in Beijing March 7, 2011. REUTERS/David Gray/File Photo

China will continue to reform its bond market as major international institutions look to issue debt denominated in special drawing rights (SDRs), Yi also told a news conference.

Reporting by Sue-Lin Wong; Editing by Kim Coghill

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