China’s central bank head says country a haven for asset diversification in volatile world

China’s central bank has described the country’s markets as a haven for diversified allocation amid geopolitical tension and market volatility, as the authorities proceed with an ambitious plan to increase foreign participation in domestic capital markets and promote the overseas use of the yuan.
“China’s financial market depth and breadth provide important opportunities for overseas institutions seeking diversified allocations in a period of heightened global financial volatility,” People’s...