Qu Hongbin, chief economist for China at HSBC Holdings Plc, comments on the widening of the yuan’s trading band by the People’s Bank of China.
“The message of this move is that renminbi’s appreciation story is over. Greater two-way volatility will be the name of the game going forward.”
To contact the Bloomberg News staff on this story: Zheng Lifei in Beijing at email@example.com
To contact the editor responsible for this story: Paul Panckhurst at firstname.lastname@example.org