China plans gradual forex reform, says PBOC chief

China will reform its exchange rate regime gradually on a schedule of its choosing and does not plan simply to revalue the yuan, the governor of the People's Bank of China said in an interview.

"We will carry out reforms of the renminbi exchange rate formation mechanism in an active, steady, planned and step-by-step manner," Zhou Xiaochuan, governor of the People's Bank of China, was quoted as saying.

Reforms to the yuan , also called the renminbi, would be unveiled at an "appropriate time", Zhou

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.