Zhou says markets have stabilised as G20 meetings end

Zhou Xioachuan
Zhou Xiaochuan

China's markets have largely finished correcting, said People's Bank of China (PBoC) governor Zhou Xiaochuan on September 6, as the G20 meeting of central bank governors and finance ministers drew to a close.

Zhou said the renminbi exchange rate has stabilised and a correction in stock markets has largely reached its conclusion. The renminbi fell after the PBoC moved to a more "market-orientated" exchange rate in August, and it has been 2.5% against the dollar since the start of the year.

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