PBOC Deputy Governor Lu Lei: Foreign entities hold over 11 trillion yuan in domestic financial assets

Lu Lei, Deputy Governor of the People's Bank of China (PBOC), stated that foreign entities currently hold over 11 trillion yuan in domestic RMB financial assets. More than 80 central banks and monetary authorities worldwide have included the RMB in their foreign exchange reserves, and Panda bond issuances have exceeded 1.3 trillion yuan, covering 26 countries and regions across five continents.