imageBEIJING: China's central bank has greatly reduced its intervention in the yuan currency market, Vice Governor Hu Xiaolian said on Thursday as she reiterated the government's pledge to further free up the Chinese financial market.

China will build a deposit insurance system, further liberalise the currency and interest rate markets, and quicken the convertibility of the yuan in the capital account, Hu said.

Copyright Reuters, 2014

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