Quotable

The government faces a dilemma on the issue of the renminbi exchange rate. It has to maintain the stability of the exchange rate, and at the same time it is promoting the currency's internationalization. The policy of pegging the yuan to the dollar, so as to maintain its stability, has actually come at a steep cost."

Lin Caiyi, chief economist for Guotai Junan Securities in Shanghai

"The inflection point in the Chinese property market has finally appeared. In other words, this means that the real estate adjustment process has been completed and housing prices will start going up."

Ren Zhiqiang, former chairman of real estate company Huayuan Property Co Ltd

"Traditional banks now consider mobile banking a priority. Three years ago, banks were questioning how important investing in mobile banking was. Now, everyone is investing in mobile banking. Board commitment is high, which is necessary to allow banks to invest in information technology."

Philip Finch, a researcher at Swiss financial services company UBS AG

(China Daily European Weekly 08/07/2015 page18)