Shanghai to lead ‘financial superpower’ push as China unveils plan to boost yuan use

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Top Chinese financial regulators have vowed to accelerate Shanghai’s transformation into a full-fledged global financial hub and encourage the yuan’s overseas adoption, as Beijing seeks to tout China’s stability amid volatility in the global market.Speaking in Shanghai on Wednesday at an annual financial gathering known as the Lujiazui Forum, policymakers such as People’s Bank of China governor Pan Gongsheng also said that the city would continue to serve as a vital conduit for offshore finance...