Hu Xiaolian
Hu Xiaolian
Hu Xiaolianis the Deputy Governor of the People's Bank of China and the former director of the State Administration of Foreign Exchange in China. She was ranked 23rd on The Wall Street Journal's "The 50 Women to Watch 2007" list. She was ranked fourth on The Wall Street Journal's "The 50 Women to Watch 2008" list and was referred to as "one of the most powerful people in the world"...
balance banks commercial cost discretion manage move pricing returns serves
This move serves to give commercial banks more discretion in pricing so that they can effectively balance the returns with cost and manage risks.
adapted basically confidence exchange export financial future rate regime strong
Financial institutions and export and import enterprises have basically adapted to the flexibility of the exchange rate regime and show strong confidence in their future business.
constantly exchange further improve market mechanism rate responsive supply yuan
We will further improve the yuan exchange rate formation mechanism and constantly make the exchange rate more responsive to market supply and demand.