Pan Gongsheng, head of the State Administration of Foreign Exchange says

  • yuan daily reference rate needs to be more transparent and rule-based
  • market should be allowed to play a bigger role setting the price

As head of SAFE Pan is also one of the a People's Bank of China Deputy Governors

People's Bank of China Governor Yi Gang spoke over the weekend (post here) and said too he wanted a more flexible yuan rate.

More on pan's comments here at bbg Bloomberg

Pan Gongsheng, head of the State Administration of Foreign Exchange says