PBOC’s Zhou: Will reduce intervention in currency market, advance Yuan internationalization

Reuters reported comments from the PBOC Governor Zhou quoted in the state media, with the key headlines found below.

Should make markets play decisive role in financial resources allocation

To add momentum to fixing "zombie firms" problem via debt-to-equity swaps

Will reduce intervention in currency market, advance Yuan internationalization

Will widen market access for foreign financial institutions

Will push forward with crackdown on online financing risks

To strengthen policy coordination between central, local financial regulators