FastSaying

This move doesn't mean [there will be a] fundamental change of [the] yuan exchange rate formation mechanism. In response to some problems experienced by banks in their quoting rates to clients, some adjustments [were] made to expand the buying-selling rates spread, which is now basically consistent with other countries' practice in the range of quotation rates.

Hu Xiaolian

ChangeWill

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This move doesn't mean fundamental change of RMB exchange rate formation mechanism.
— Hu Xiaolian
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This move doesn't mean fundamental change in the RMB exchange rate formation mechanism.
— Hu Xiaolian
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We will further improve the yuan exchange rate formation mechanism and constantly make the exchange rate more responsive to market supply and demand.
— Hu Xiaolian
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Financial institutions and export and import enterprises have basically adapted to the flexibility of the exchange rate regime and show strong confidence in their future business.
— Hu Xiaolian
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The policy of continuing to attract foreign investment will not change.
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