PBOC's Zhou sees need for more financial stability

China can't rely solely on central bank interest rate and exchange rate policies to maintain financial stability, People's Bank of China governor Zhou Xiaochuan wrote in the China Economic Weekly.

"We shouldn't believe that financial markets will be able to remain stable just with the central bank setting suitable interest rate and exchange rate policy," Zhou Xiaochuan, governor of the People's Bank of China, said in the magazine, which is backed by the People's Daily newspaper.

"If we don't re