Two-way yuan volatility will become normal, says FX regulator head
Reuters2021-06-10
SHANGHAI, June 10 (Reuters) - Two-way volatility in China's yuan exchange rate will become normal, and factors influencing the rate are complicated, the head of China's foreign exchange regulator said on Thursday.
China's yuan has shown two-way volatility but has been basically stable so far this year, Pan Gongsheng, head of the State Administration of Foreign Exchange, said in a speech.
China will expand quotas under the Qualified Domestic Institutional Investor outbound investment scheme, Pan said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
