China seeks to expand the use of the yuan in the world. The main Chinese stock index declined.

China make easier access to its interbank bond market to foreign central banks and international funds, reports Bloomberg. Meanwhile, Chinese National Bureau of Statistics published a series stronger economic data for June. Meanwhile, Chinese National Bureau of Statistics published a series positive economic data for June.

According to new rules for trading in bonds and swaps, including the repurchase agreementswill be subject to prior authorization and registration only through determined by the People's Bank of China (PBC) form.

The purpose of this step PBC is an attempt by China to expand the use of the yuan in the world and support the gradual conversion of convertible currency. This approach could support the inclusion of the yuan in the international monetary unit of account of the IMF - SDR (special drawing rights).

Simplification of access to foreign bonds comes amid steadily increasing emissions securities issued by local Chinese authorities. This is expected to increase demand.

Analysts at China Securities Co., cited by Bloomberg, commented that the new rules are an important step towards the internationalization of the yuan. It should be expected and sharply widening the interbank market and volumes of traded bonds in the long term.

The intentions of the Chinese provinces of issuance of such debt instruments are measured at the time of about 2.8 trillion yuan (about USD 451 billion).

General announced data in China is economic growth in the second quarter + 7% yoy. Part of investors on the  SSE, however, continue to question the official figures and this mood trigger new sales of shares. The main Chinese stock index, Shanghai Composite declined by about 4%. The representative for the economy of the PRC ,  SSE Composite remains about 25% below its peak of June 12, 2015.