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China should not give up its............>

CHINA PRESS
MNI (London)
CHINA PRESS: China should not give up its management of cross-border capital
flows, or directly intervene in the foreign exchange market when the yuan
exchange rate fluctuatesgreatly in the future, China Business News reported
Tuesday, citing Yu Yongding, a member of the Chinese Academy of Social Sciences.
- Financial regulators should vigorously push the development of China's
derivatives market, so as to offer hedging tools for enterprises to avoid
exchange rate risk, the report said, citing Yu.
- In the near future, the yuan still faces depreciation pressure on yuan
remains, Yu.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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