# RMB rate flexibility stays firmly on agenda | govt.chinadaily.com.cn

> Vice-Governor Pan Gongsheng said China will keep a flexible renminbi exchange rate and open its capital account further, particularly for items not yet freely convertible. He also said foreign exchange trading will be made easier for foreign investors.

- Date: 2019-03-26 · published 2019-03-26T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/60334-rmb-rate-flexibility-stays-firmly-on-agenda-govt-chinadaily-com-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A commitment to a flexible yuan and easier FX access reduces the risk of a deliberate devaluation that would make Chinese imports pricier.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-06-18 | [Central bank targets exchange rate stability - Chinadaily.com.cn](https://feedsoft.ai/events/7118-central-bank-targets-exchange-rate-stability-chinadaily-com-cn.md) | +0.3% | +0.5% |
| USDCNY | 2022-01-22 | [Yuan exchange rate seen staying stable - Chinadaily.com.cn](https://feedsoft.ai/events/43359-yuan-exchange-rate-seen-staying-stable-chinadaily-com-cn.md) | +0.3% | -0.2% |
| USDCNY | 2017-09-24 | [China wants to reduce control of changes in yuan's exchange rate - Chinadaily.com.cn](https://feedsoft.ai/events/69191-china-wants-to-reduce-control-of-changes-in-yuan-s-exchange-rate-chinadaily-com.md) | +1.0% | +0.7% |
| USDCNY | 2020-04-19 | [China has sufficient soybean reserve, official says - Chinadaily.com.cn](https://feedsoft.ai/events/53635-china-has-sufficient-soybean-reserve-official-says-chinadaily-com-cn.md) | +0.1% | +0.4% |
| USDCNY | 2017-07-18 | [China will look to give its currency greater flexibility – RBC CM — Octa](https://feedsoft.ai/events/70198-china-will-look-to-give-its-currency-greater-flexibility-rbc-cm-octa.md) | -0.3% | -1.5% |

## Sources

- govt.chinadaily.com.cn: https://govt.chinadaily.com.cn/s/201903/26/WS5c99e5f0498e079e6801bdcb/rmb-rate-flexibility-stays-firmly-on-agenda.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.