Enter multiple symbols separated by commas

China to gradually widen yuan trading band

Getty Images

China will gradually expand the yuan trading band to help make the currency more flexible and market-driven, central bank chief Zhou Xiaochuan said in remarks seen on Tuesday.

The People's Bank of China will gradually exit from regular intervention on the foreign exchange market, Zhou said in remarks in a book on reforms published after a key meeting of the Communist Party's leadership.

Last week, China's leaders unveiled a reform agenda for the next decade, pledging to let the market play a"decisive" role in the economy and outlining sweeping changes to unleashfresh growth drivers.

(Read more: China's reforms: 5 key ones you should know)

Contact Asia News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Asia Video