Zhou Xiaochuan, the PBOC governor, promised to increase the flexibility of the yuan and emphasized that “high inflation remains the top concern in China.”
The yuan is an increasingly attractive choice for reserve currency, CNN.com reported Thursday.
Yuan-denominated bonds in Hong Kong are headed for a record monthly loss, Bloomberg reported. [New ‘Dim Sum’ Bond ETFs]
WisdomTree Dreyfus Chinese Yuan Fund
For more information on the Chinese currency, visit our Chinese yuan category.
Max Chen contributed to this article.