Full coverage: G20 Hangzhou Summit

The deputy governor of the People’s Bank of China says the internationalization of the yuan has exceeded expectations and its global acceptance will be driven by market forces.

Deputy Governor Yi Gang also said at a news briefing Monday on the upcoming G20 summit conference that China will continue its bond market reforms. That's as major international institutions look to issue debt denominated in special drawing rights.

Yi said the World Bank is expected to issue two billion dollars worth of Special Drawing Rights bonds before the G20 summit.

Meanwhile, Vice Finance Minister Zhu Guangyao noted that there is still fallout from the financial crisis and the goal of G20 summit will be to reach policy consensus.