China central bank promises to keep yuan exchange rate stable

BEIJING (Reuters) - China will firmly prevent overshooting risks of the yuan exchange rate and keep the rate basically stable, its central bank said on Friday, state media reported.

The People's Bank of China will increase treasury bond buying and selling operations, and provide a sound liquidity environment for government bond issuance, CCTV quoted the Bank as saying.

(Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)

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