China's central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue to let the market play a decisive role in deciding the exchange rate.

“The central bank has consistently held the yuan’s daily fixing firm during periods of depreciation, especially in the past decade, which could trade time for space until the US dollar retreats,” said Raymond Yeung, chief Greater China economist at ANZ Bank.

The People’s Bank of China said it will adjust the pace and intensity of its policymaking based on economic and financial conditions at home and abroad.

China's central bank vowed on Thursday to provide strong financial support for the healthy development of private economy and the growth of private enterprises.

China’s central bank governor has offered to deepen financial ties with emerging economies and help them gain a greater voice in the IMF.