Yunnan--pillar of booming regional business

REGIONAL

Banks debate RMB internationalization Editor's note: Several bank leaders met to discuss regional currency cooperation and RMB settlement at the recent Dianchi financial forum. Their speeches are featured here. Yunnan to help pioneer RMB trade settlements Regional cooperation between southwest China's Yunnan province and neighboring South Asian and Southeast Asian nations will advance China's effort to promote cross-border trade payments in its own currency.: Monetary cooperation vital to Asia's economy
Zhao Xiaoyu, vice-president of Asian Development Bank (ADB) stressed monetary cooperation at a recent Kunming financial summit.
Tianjin expected to pave way for financial reform
As China steps up efforts at international financial integration, Tianjin will be a significant player in the process, Cui Jindu, vice-mayor of Tianjin, told a recent financial summit in Kunming.
Renminbi internationalization a delicate issue
Delegates to a recent Kunming financial summit agreed that Asia should reduce its dependence on dominant currencies during trade settlements.