China may approve a roadmap this month to boost yuan use abroad, including a state-backed stablecoin push after the U.S. passed its GENIUS Act. Officials see dim sum bond reserves and Hong Kong banks as likely issuers a cautious but symbolic step in renminbi internationalization.

China may approve a roadmap this month to boost yuan use abroad, including a state-backed stablecoin push after the U.S. passed its GENIUS Act. Officials see dim sum bond reserves and Hong Kong banks as likely issuers a cautious but symbolic step in renminbi internationalization.
Reuters •
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