Fan Gang is an adviser at the People's Bank of China

He was speaking with Bloomberg television, Bloomberg have a few headline comments up from him:

  • China's intervention in FX is not big
  • China's declining forex reserves is good news in long term
  • The PBOC wants to see FX reserves reduce smoothly and gradually
  • Capital outflow curbs effective, market has responded
  • China policy makers are not likely to go further on outflow curbs
  • And not likely to drop intervention

Fan Gang, known as 'G-Thang' in Chinese rap/hip hop circles