PBOC’s Yi: Will improve market-based Yuan exchange rate mechanism

Caixin, China’s news provider, reports comments from the People’s Bank of China  (PBOC) Governor Yi Gang, with the key headlines found below.

No FX intervention over the past year.

Easing of capital controls can help stabilize market expectation and facilitate foreign investment.

China will continue to push forward with market-oriented exchange rate reform.

Will improve market-based Yuan exchange rate mechanism.