Boost regional finance reform and innovation

Editor's Note: According to the development planning of the Beibu Gulf urban cluster released by the State Council in February 2017, the region is expected to be deeply involved in China-ASEAN cooperation.

The government will support direct trading between the Chinese yuan and ASEAN currencies in the interbank foreign exchange market, as well as give permission to those member nation currencies with relatively weak market foundations to conduct regional trading in the Beibu Gulf area. The application of the China ASEAN (Nanning) Monetary Index and the development of border and cross-border finance will be strengthened.

Note: This is a courtesy interpretation of part of the Beibu Gulf Urban Agglomeration Development Planning. In cases of discrepancies, the Chinese text prevails.