People's Bank of China Governor Zhou Xiaochuan of 8 in London for the fourth Sino-British Economic and Financial Dialogue, said the yuan cross-border use is a gradual process, respect for market selection.

Zhou Xiaochuan said the yuan is gradual and long-term cross-border use in the process of China's neighboring countries first began to use the RMB to do trade and investment, then there are other emerging market countries have begun to use recently announced that Nigeria as part of its foreign exchange reserves of RMB exchange This is the first African country to attempt in this regard.

Private sector development on offshore yuan market in London and the latest developments in the market interest, Zhou welcomed, he said, at the Fourth Sino-British economic and financial dialogue, the City of London's industry and the private sector expressed To take advantage of London's financial center to promote the construction of offshore yuan market will. People's Bank of China will cooperate with the British side, to support the future development of the market and address the potential financial stability risks Zhou Xiaochuan said it would strive to develop and promote trade and investment facilitation, but the main choice is to respect the market.

Meanwhile, Zhou Xiaochuan that the development of offshore yuan market in London does not have an impact on Hong Kong because Hong Kong has a special advantage from the Chinese and Asian markets to close.

Included in the RMB in the International Monetary Fund special drawing rights, Zhou Xiaochuan, that China is not in a hurry this process, he said that with China's economic development, more powerful currency than before, sooner or later the RMB will be put into SDR.

According to IMF requirements, adding SDR basket of currencies need to have two conditions: First, the currency issuing countries for the international trading power. Specifically,5-year review period to maintain the ranking of goods and services exports; two of its currency in international transactions "are free to use." As a rule, IMF basket of currencies will be reviewed in 2015, to assess and adjust its composition.

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