Quotable quotes from 12th Lujiazui Forum

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Pan Gongsheng, vice-governor of the People's Bank of China

A series of innovation pilots covering external debt financing, asset cross-border transfer and cross-border renminbi business will be unveiled in Shanghai.

As China's economic and financial strength improves greatly, renminbi, as an international payment, trading and reserve currency, has enhanced its global presence. Presently, the amount of renminbi asset deployed by overseas institutions has reached 6.4 trillion yuan, with an annual average growth of more than 20 percent.

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