The Governor of People’s Bank of China, Mr. Zhou Xiaochuan said the team of 20 finance heads will address the various facts and problems of the global economic Fund’s reserve Forex as their annual conferences proceed this year and influence the Chinese government to steadily increase use of the International funding instrument.

  The bears who neglected the warning of the Chinese government against the betting its currency landed in deep trouble and struggling hard to make it up. But still many are waiting for the Yuan to roar in the market.  Who is controlling the currency, the federal government or the bulls or the bears, is a question in the minds of many Forex traders. 

  The Chinese Yuan has had a cash peg for quite a long time which has made Chinese trades less expensive and more appealing with respect to those of other countries, which has guaranteed China’s monetary success. 

  Chinese home market is on a growing spree in spite of the slowdown in global economy.  The steady and constant economic growth has provided job opportunity to many and with decent payouts, this has decreased the interest of the Chinese to seek job or work out of the country.  

    Chinese stock market commotion has taken its toll of the Securities Regulator (CSRC)’s Head, Xiao Gang, who got replaced by a banker, Liu Shiyu, of Agricultural Bank of China Ltd.(AgBank) (601288.SS) (1288.HK). He was a former deputy Governor of the central bank. As per the official Xinhua, the senior leaders by the above move, are trying to bring the economy back to track and also have assured of recovery and stable currency.