But there is still some difference compared with the practice in the international market where fluctuation of trading currencies are mostly not bottomed or capped. |
More large-scale projects and infrastructure construction following the 11th Five-Year Plan contributed to the rising loans. Besides, Chinese banks, which are eager to meet their business targets for this year, are also giving out more loans. |
Therefore, the previous mechanism can hardly mirror the true situation. |
This regulation will better reflect the de facto demand and supply in the foreign exchange market. |