China needs more users for 'freely usable' yuan after IMF nod

``... there needs to be a much bigger pool of yuan outside China, which requires offshore institutions, and not just in Hong Kong, to buy and hold yuan. For that, Beijing needs to liberalize the way money flows in and out of China and to grant the big foreign money managers easier access to an onshore bond market that is already attractive in terms of yield, size and credit rating.''