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State to relax RMB exchange rate rules

By Chen Jia | China Daily | Updated: 2017-09-14 07:14

New system set to pay more heed to market supply and demand

The renminbi exchange rate will be more flexible, basically determined by the market's supply and demand situation, a senior official with the State Administration of Foreign Exchange (SAFE) said on Wednesday.

The currency's exchange rate reform towards a more market-oriented mechanism will continue, said Lu Lei, the SAFE deputy director, while the renminbi weakened for the second straight trading session after hitting the 21-month high on Monday.

State to relax RMB exchange rate rules

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