BEIJING, Nov 8 (Reuters) - China will guard against overshooting risks of the yuan exchange rate, People's Bank of China (PBOC) Governor Pan Gongsheng said, according to a report on Wednesday by Financial News, a newspaper owned by the PBOC.
Pan's remarks were made at a financial forum in Beijing, where he said China will prevent the formation of one-sided and self-reinforced market expectations in the Chinese yuan.
He also reiterated that China is capable of maintaining the prudent operations of the foreign exchange market and the yuan will be basically stable, reasonable and balanced.
(Reporting by Beijing Newsroom; Editing by Christian Schmollinger)
