This is a legitimate concern and that's why the central bank has to urge commercial banks to pay attention to their pace of new lending.

This flexible mechanism, this managed floating regime, will allow us to adjust the yuan exchange rate flexibly in the future.

The current mechanism is in the right direction. I think in terms of flexibility, (the yuan) is gradually determined more and more by market forces and demand and supply of the market.

This is providing favorable conditions for China to adjust its exchange-rate policy and macro-economic policies.

Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.

A Central Bank official said that Q-coin did not affect the renminbi; it adds vibrancy to the economy.