China encourages financial institutions to conduct 300-billion-yuan overseas RMB fund business

BEIJING, May 14 (Xinhua) -- China encourages financial institutions to conduct overseas RMB fund business with an estimated amount of 300 billion yuan (about 43.5 billion U.S. dollars), President Xi Jinping said Sunday.

Xi made the announcement at the opening ceremony of the two-day Belt and Road Forum for International Cooperation in Beijing. Enditem