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beijing, jan. 8 (xinhua) -- china will boost the internationalization of the rmb, guard against systemic risks, and foster a sound monetary and financial environment, according to the country's central bank. china will improve the basic institutional arrangements and infrastructure for cross-border rmb use, and enhance its ability to serve the real economy and promote high-quality development, people's bank of china official li bin told xinhua in an interview. the country aims to promote the comprehensive institutional opening-up of financial markets in a steady and orderly manner, enrich risk-hedging tools, and build a more friendly and convenient investment and financing environment, li said. official data shows that in the first 11 months of 2023, cross-border rmb transactions amounted to 48 trillion yuan (about 6.76 trillion u.s. dollars), up 24 percent year on year. china will strengthen counter-cyclical and cross-cyclical adjustments, and create a good monetary and financial environment for high-quality economic development, according to the central bank.
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