Govt won’t play dominant role in yuan offshore market – China SAFE’s Pan

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Pan Gongsheng, Head of China's State Administration Of Foreign Exchange (SAFE) - PBOC’s foreign exchange regulatory agency, commented on the offshore yuan markets today, as reported by the Securities Times.

    Key Quotes:

    The Chinese government will not play a dominant role in the offshore yuan market

    The development of the offshore yuan market will mainly rely on market forces

    PBOC will create an accommodative environment for that market
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