China vows to curb risks of exchange rate overshooting

Reuters

Pan also emphasized that the central bank will explore and develop new structural policy tools aimed at supporting technology, consumption and capital markets

Kevin Yao and Joe Cash, Reuters News

March 6, 2025

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FILE PHOTO: The Chinese national flag is seen in front of the financial district Central on the Chinese National Day in Hong Kong, China October 1, 2022. REUTERS/Tyrone Siu/File Photo Image for illustrative purpose

China will prevent the risk of its exchange rate overshooting, central bank governor, Pan Gongsheng, said at a news conference on Thursday.

Pan also emphasized that the central bank will explore and develop new structural policy tools aimed at supporting technology, consumption and capital markets.

(Reporting by Kevin Yao and Joe Cash; Writing by Liangping Gao; Editing by Tom Hogue)

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