The China Foreign Exchange Trade System (CFETS) Renminbi Index rose by 0.17 points week-on-week, reflecting a modest strengthening of the Chinese yuan. The People's Bank of China (PBOC) is expected to set the yuan's mid-point reference rate at 7.2057 per U.S. dollar, according to Reuters estimates. During a recent financial work discussion, PBOC Governor Pan Gongsheng expressed support for Beijing's development as a hub for technological finance and emphasized advancing the internationalization of the yuan.