China and Kazakhstan discuss expanding local currency settlement

Officials from the central banks of China and Kazakhstan have reached consensus on a couple of issues, such as expanding bilateral local currency settlement, according to the People's Bank of China, the country's central bank on Friday.

The Sub-Committee on Financial Cooperation of the China-Kazakhstan Cooperation Committee held the 12th meeting on Friday, the PBOC said in a statement.

The meeting mainly discussed topics such as expanding bilateral local currency settlement and strengthening cooperation in the areas of payment services, bank cards, trade, project financing and financial regulation, and a generallot of consensus wasere reached.