Free Trial

US SPR Sale:


Chinese FM Wang Yi To Tour Pacific


Bouncing Off Lows

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (London)

China's yuan exchange rate will see "normal" two-way trade, driven by "complicated" factors, Pan Gongsheng, deputy-governor of the People's Bank of China told Lujiazui Forum 2021 on Thursday. There will be intensive demand for foreign exchange in coming months, the growth gap between china and major developed countries is narrowing, and the Federal Reserve is facing pressure to adjust its policy as inflation expectations rise, Pan said, referring to factors that may weigh on the yuan.

Global financial markets sitting close to record highs increasing investor nerves, along with any Fed policy adjustment will impact the global forex market and cross-border capital flows, Pan warned, noting that regulators, banks and corporates will work together to smooth yuan volatility, Pan noted.

He added that China will increase the quota of Qualified Domestic Limited Partner for outbound debt and equity investment and test a Qualified Foreign Limited Partner scheme in Shanghai to boost the city as a global hub for wealth and assets management.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.