From PBOC Yi
- We still hve policy and try to maintain RMB stability
- doesn't want competitive devaluation of RMB
- China will continue market-oriented FX reform
- rates are currently at comfortable level
- future PBOC policy will be prudent
- G20 outcome a little better than expected
- roadmap for trade talks is very constructive
- shadow banking supports economy
- PBOC needs to distinguish between good and bad in shadow banking
- China shadow banking will keep growing, but at lower rate
