How can that be explained to someone who is not a central banker? Both central banks and banks can create money through lending to the economy. If the banks are only doing so hesitantly, we can make financing conditions more attractive and so create incentives for more generous lending.
Against such a backdrop, global investors may remain wary of trades in the renminbi. 3. While significantly developed over the last years, the domestic financial markets still need further depth, transparency, and sophistication, while the insufficient degree of connectivity with the global financial system continues to be reflected in low levels of foreign participation. This is observed across virtually all relevant markets.