China SAFE: Yuan inclusion into SDR positive to inflows

An official from China's FX regulator, the State Administration of Foreign Exchange (SAFE), was out on the wires last hour, via Reuters,             comments on the Yuan and its inclusion into SDRs.

Key Headlines:

Yuan to remain stable at reasonable/balanced level

No basis for long term yuan depreciation

China found some firms and individuals moving assets overseas via M&A

China will keep up pressure on tackling fake overseas mergers and acquisitions

Yuan inclusion into SDR positive to inflows

SDR inclusion will boost confidence in yuan assets

Foreign investors to add yuan asset holdings