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Hu Xiaolian Quotes
«This move doesn't mean [there will be a] fundamental change of [the] yuan exchange rate formation mechanism. In response to some problems experienced by banks in their quoting rates to clients, some adjustments [were] made to expand the buying-selling rates spread, which is now basically consistent with other countries' practice in the range of quotation rates.»
Author: Hu Xiaolian
«Financial institutions and export and import enterprises have basically adapted to the flexibility of the exchange rate regime and show strong confidence in their future business.»
Author: Hu Xiaolian
«This move serves to give commercial banks more discretion in pricing so that they can effectively balance the returns with cost and manage risks.»
Author: Hu Xiaolian
«This move doesn't mean fundamental change in the RMB exchange rate formation mechanism.»
Author: Hu Xiaolian
«This move doesn't mean fundamental change of RMB exchange rate formation mechanism.»
Author: Hu Xiaolian
«We will further improve the yuan exchange rate formation mechanism and constantly make the exchange rate more responsive to market supply and demand.»
Author: Hu Xiaolian