He headed the foreign exchange administration during a period when many Asian currencies fell steeply.
Since July the State Administration of Foreign Exchange (SAFE) has demanded more information on export earnings.
Spokespeople for China's Ministry of Commerce and State Administration of Foreign Exchange didn't respond to requests for comment.
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Last January, Yi Gang, the head of the State Administration of Foreign Exchange, stated that China would make the renminbi convertible on the capital account in five years.
First, there are financial investments by the state, through bodies such as CIC and the State Administration of Foreign Exchange (SAFE), which looks after the country's vast foreign reserves.
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Interest-rate and exchange-rate decisions come under Zhou Xiaochuan , head of the People's Bank of China, and a former director of the State Administration of Foreign Exchange, now run by Yi Gang .
Guo Shuqing, the head of the China Securities Regulatory Commission, said that the regulator had already reached an agreement with the Chinese central bank and the State Administration of Foreign Exchange to raise the QFII limit.
Then last month the chief of the State Administration of Foreign Exchange, a division of the central bank, removed any ambiguity when he stated that China would make the renminbi convertible on the capital account in five years.
This covers a host of businesses that provide steady income and are not too capital-intensive, such as corporate cash management, foreign exchange, trade finance, global custody and hedge-fund administration.
Some people say the Bush Administration should abandon its "hands off" policy and intervene in foreign exchange markets to push the dollar down further, by around 10% to 20%.
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