HALISTER1: China Targets Floating Yuan Rates Under Management: PBOC’s Zhou

China Targets Floating Yuan Rates Under Management: PBOC’s Zhou

(Bloomberg) -- Yuan can’t be described as “completely free floating” as a target of foreign exchange reform, People’s Bank of China Governor Zhou Xiaochuan said at the China Development Forum in Beijing.
  • China will monitor foreign exchange related to money laundering and terrorist financing
  • Macro prudential regulations needed to guard against excessive leverage in foreign currencies and maturity mismatches: Zhou
  • Given speed of increase in capital inflows in the past, now only natural that outflows should have a high speed as well: Zhou
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Source: BFW (Bloomberg First Word)

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PBCZ CH (People's Bank Of China)

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Zhou Xiaochuan (People's Bank Of China)

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