PBOC: Will maintain Yuan’s stable position in international monetary system

Comments from the PBOC Assistant Governor hit the wires last minutes, as cited by a magazine.

Key Headlines via Reuters:

Will strengthen coordination of supervision, stabilise market expectations

Deleveraging efforts have achieved initial results, but overall debt levels still high

Will maintain Yuan’s stable position in international monetary system

Will improve exchange rate mechanism, two-way fluctuation

Will strike balance between greater currency flexibility and maintaining forex stability

Will unswervingly push forward market-based exchange rate reform