In the export-oriented growth model it was an important management tool, but its significance as an actively used instrument is waning given advancing transformation and stronger orientation to services. The internationalisation of the renminbi has come a long way over the past few years. The renminbi has now becomes established as a trading currency.
Moreover, we are exploring measures such as additional capital requirements, enhanced riskmanagement requirements, and additional data collection and reporting requirements on physical commodities activities to help ensure that such activities do not pose undue risks to the safety and soundness of financial holding companies and their subsidiary depository institutions, or to financial stability.