We should find a balance between opening the market and (national) security issues not every financial sector is sensitive.
More Quotes from Zhou Xiaochuan:
In the 1980s, Chinese companies tried to get out of the traditional, centrally planned economy and become market players. In the 1990s, many Chinese companies tried to restructure their company structure, to have ownership diversification, to go public domestically or internationally, and then to learn to set up new corporate governance. And after that, I think Chinese companies are looking more and more to the global competition.Zhou Xiaochuan
We need to look at domestic and international needs.
Zhou Xiaochuan
These kinds of noises cannot change the various fundamental conditions and sequencing of China's exchange rate reform. They only interfere with the normal reform process,
Zhou Xiaochuan
Global trade, settlements and reserve assets are heavily reliant on a single currency. The fund should give priority to establishing a surveillance and check-balance mechanism of the major reserve currency countries.
Zhou Xiaochuan
This floating range can be expanded in terms of the future development, but it has to be based on the actual situation both at home and internationally.
Zhou Xiaochuan
but the important thing is that it has started to float and over time market forces will play a more and more important role.
Zhou Xiaochuan
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