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Yuan To Strengthen in 2023 - Guo Shuqing

CHINA PRESS

Overseas capital flows will continue to rebound and the yuan will continue to strengthen in 2023, according to Guo Shuqing, Secretary of the Party Committee of the People's Bank of China (the PBOC) and Chairman of the Banking and Insurance Regulatory Commission. In an interview, he said these upward trends show the international finance community is optimistic about China’s growth outlook and strong economic fundamentals, such as stable inflation. Beijing should remain vigilant on price stability, as overseas inflation can be transmitted to China through multiple channels, he said. Additionally, the pace of financial opening would not stop and China would simplify procedures for foreign investors to enter the domestic market. Guo’s comments were reported by the Securities Daily Network.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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