Yuan rate 'has more room for maneuver'

Expert: Controlled regime will be good option for further reform

China has further room to improve the current controlled floating exchange rate regime, as it moves toward the ultimate goal to allowing the yuan to float freely, said a former senior official with the nation's top forex regulator.

Guan Tao, a former senior official with the State Administration of Foreign Exchange, said the central bank has made proper adjustments to the current pricing regime by adding a counter-cyclical factor in May, but it is still a "transitional means".