PBOC's Su says China to seek more yuan flexibility

The People's Bank of China (PBoC) will continue to seek greater flexibility in the country's foreign exchange regime and seek to increase domestic hedging mechanisms against forex risk, central bank vice governor Su Ning told a conference in Suzhou on Sunday 22 October.

"We should perfect the yuan's exchange rate formation mechanism and improve the management of foreign exchange," he said at a conference in Suzhou.

He added that the regulator will seek interest-rate reforms and the development of

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