PBOC Governor Promotes Yuan Assets at Global Event

China's central bank governor urged investors to consider yuan-denominated assets during a closed-door conference in Bangkok.

Pan Gongsheng, governor of the People's Bank of China, emphasized the growing appeal of yuan assets during a speech at Deutsche Bank's Emerging Markets Conference. Attendees noted that the event focused on expanding the yuan's role in international markets. The governor highlighted the stability of Chinese government bonds as a key attraction for global investors. His remarks underscored China's efforts to increase the currency's visibility in global financial systems. The discussion also touched on the potential for greater diversification in investment portfolios through yuan assets.