China's FX regulator is the State Administration of Foreign Exchange (SAFE). Remarks:
- country's forex market mostly stable
- current account surplus within reasonable range
- forex reserves steadily rising
- China's FX reserve is a responsible investor on global financial markets
- China will steadily push forward with opening up of capital account
- Overseas investors in China's capital markets remain low with huge room for growth
- Potential for foreign capital flows into China remains huge
- Will keep yuan basically stable at reasonable and balanced levels
- China will build open and competitive forex market with more participants and products
- Will improve FX risk hedging methods
These guys pretty much never say the yuan is unstable and unbalanced.
