Deputy Governor of the Central Bank: China has the ability to deal with the fluctuatio

(Beijing) In the context of the upgrading of the Sino -US trade war to increase the pressure of RMB depreciation, Pan Gongsheng, Vice President of the People's Bank of China and director of the State Administration of Foreign Exchange, emphasized yesterday that China has accumulated rich experience and sufficient policy tools to respond to the fluctuations in the foreign exchange market.Essence

According to the news released by the Central Bank of China yesterday, Pan Gongsheng also said in an interview with the Financial Times: We are completely found, confident, and capable to maintain the stable operation of the Chinese foreign exchange market and maintain the basic stability of the RMB exchange rate at a reasonable balance.

He also said that China will take necessary counter -cyclical adjustment measures in accordance with the changes in the situation, strengthen macro -prudential management, and at the same time crack down on illegal activities in the foreign exchange market, and maintain the benign order of the foreign exchange market.

He also affirmed the steady operation of China's economic and finance, providing a strong fundamental support for the foreign exchange market and the RMB exchange rate.Since the beginning of this year, the Chinese foreign exchange market has been operating steadily, the inflow of overseas capital has increased, foreign exchange reserves have risen steadily, and the foreign exchange market is expected to be overall stable.

Looking forward to the future, Pan Gongsheng promised that the central bank will unswervingly expand financial opening, maintain the continuity of the policy of financial reform and opening up, further promote the two -way opening of the financial market, deepen the reform of foreign exchange management, improve the level of liberalization and facilitation of cross -border trade investment, effectively maintain the maintenanceThe legitimate rights and interests of overseas investors create a more convenient and friendly investment environment for domestic and foreign investors.