China will try to keep Yuan basically stable – PBOC deputy governor

As per MNI report, Peoples' Bank of China (PBOC) deputy governor Chen Yulu at a forum on Sunday said China will try hard to keep the Yuan basically stable against a basket of currencies.

Key quotes

The international status of the Yuan has been enhanced in 2016 and macro financial risks can be controlled thanks to the PBOC's efforts

China will continue to optimize the cross-border policy framework for the Yuan, promote sustainable development of cross-border Yuan funding businesses, and better meet demands from the real economy

China will promote the opening up of the financial market in an orderly way