"We should refine supervision of the financial system instead of strengthening monitoring. The government should tighten regulations in some areas while deregulating others."

Wu Xiaoling, deputy director of the Financial and Economic Committee of the National People's Congress.

"We are more likely to see the fixing being used to take the pressure off the band."

Sacha Tihanyi, a Hong Kong-based currency strategist at Scotiabank. Recent yuan weakness stems from the dollar becoming too strong. China should fully utilize the existing trading range, according to a commentary in People's Daily.

(China Daily European Weekly 02/06/2015 page18)