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