China is confident of keeping yuan basically stable - FX regulator


SHANGHAI, June 13 (Reuters) - China's foreign exchange regulator reiterated that China is capable and confident of keeping its currency basically stable.

Pan Gongsheng, head of the State Administration of Foreign Exchange, said at a financial forum in Shanghai on Thursday that the country's FX market is largely stable with FX reserves steadily rising.

Pan added that China's current account surplus remains in reasonable range, and said Beijing will continue to push ahead with efforts to open up of the capital account.

This article appears in: Politics , Fundamental Analysis , Stocks

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