RMB exchange rate formation mechanism reform is a significant part of deepening reform. At the beginning of reform and opening-up China adopted unified exchange rate system. From 1981 to 1984 ...

Central bank governor on RMB exchange rate ( 2003-10-19 15:52) ... sequencing and complementality of reform measures remain critical to success of exchange rate regime reform.

Chinese Premier Wen Jiabao said Friday that the reform of the RMB exchange rate is a process of gradual improvement. Wen told Rodrigo Rato, Managing Director of the International Monetary Fund ...

News Analysis: China largely succeeds in RMB exchange rate reform over past year---China's authorities have largely succeeded in its objective of revamping the foreign exchange mechanism to make the ...

Both are big believers in fixed exchange rates. Cheung, Chinn and Fugii also didn’t find conclusive evidence that China’s exchange rate was undervalued. At least not in 2003.

Expectations of long-term stability of RMB's exchange rate will remain unchanged through a series of two-way fluctuations, as China's economic fundamentals remain stable. The RMB exchange rate system ...

The stability stems from a reform started five years ago. On August 11, 2015, the People's Bank of China (PBC), China's central bank, announced it was revamping the official central parity of the RMB ...

The statement came one day after the central bank announced it would further promote the reform of the RMB exchange rate regime and increase the currency's flexibility. Economists said a further ...

The RMB has officially been valued to a basket of currencies within a managed floating exchange rate regime since 2006, but the process of exchange rate reform, especially appreciation against the ...

In Brief. In early 2016, the People’s Bank of China (PBOC) introduced a new rule for setting the renminbi central parity rate against the US dollar.Instead of the previous rule introduced in August ...

They must be properly resolved before reform of the formation mechanism of the RMB exchange rate could be carried out in great stride, though there could be some flexibility with the sequencing.