China to keep yuan stable, says central bank governor

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Taiwan central bank Governor Yang Chin-long answers questions from lawmakers at the Legislative Yuan in Taipei

HONG KONG (Reuters) – China will keep the yuan currency stable and increase flexibility of the yuan exchange rate, the central bank governor said on Thursday.

Yi Gang, governor of the People’s Bank of China (PBOC), also said it is necessary to deepen financial reform and strengthen and improve modern financial supervision, according to a statement from the PBOC.

(Reporting by Twinnie Siu and Ella Cao; Editing by David Goodman)