Mar 30, 2010 06:23 PM

China Mulls Yuan Market in Shanghai

By staff reporters Zhang Shuai Ma Jingying and Yu Hairong

(Caixin Online) A central bank official said that the feasibility of an international yuan market will be studied so as to facilitate a global push of the yuan.

Su Ning, deputy governor of the People's Bank of China, said in Shanghai that he also supports the creation of an offshore market in Hong Kong.

By the end of February, the volume of the cross-border yuan trade settlements increased to 11.6 billion yuan, Su said.

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