Zhou Xiaochuan Market Quotations

The reforms of the exchange rate regime made in July meet the needs of China's economic and social development and play a significant role in maintaining macroeconomic and financial market stability.

but the important thing is that it has started to float and over time market forces will play a more and more important role.

We think (we) can allow market supply and demand to gradually bring about a greater effect on the exchange rate float.

We should find a balance between opening the market and (national) security issues; not every financial sector is sensitive.

In the 1980s, Chinese companies tried to get out of the traditional, centrally planned economy and become market players. In the 1990s, many Chinese companies tried to restructure their company structure, to have ownership diversification, to go public domestically or internationally, and then to learn to set up new corporate governance. And after that, I think Chinese companies are looking more and more to the global competition.