PBOC will make better use of yuan band

China intends to use of the yuan's six-month old trading band in a better way, rather than doing another one-off revaluation, a senior Chinese central banker said on Wednesday 25 Janaury.

Yi Gang, an assistant governor of the People's Bank of China (PBOC), told a seminar in Tokyo that the yuan's 0.3 percent band against the dollar was "quite wide" and the PBOC had more room to let the yuan fluctuate within that band.

"We haven't fully used this yet. This flexible mechanism and this managed floa