Vice governor of the People’s Bank of China and director of the State Administration of Foreign Exchange Yi Gang stated while answering the questions of reporters on the morning of March 9 that to stably boost the capital convertibility is China’s defined guideline and unchanged.

However, Yi pointed out that the financial crisis gets China to more stably advance the capital convertibility, with some practices conducted more safely.

Yi made the above remarks while having a collective interview with Chinese and foreign medium on “foreign exchange management and foreign exchange reserve” on March 9.

He said that in the international financial crisis, some scholars and personnel of international organizations were indeed suspicious and even some scholars proposed that capital control is reasonable to some degree, so some measures may be taken to conduct such behavior. He deemed that in his opinion, such introspection of convertibility and free circulation of capital is to sum up and rethink the crisis, which makes us more stable in boosting the capital convertibility and more safely conduct some practices.