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As the world's second-largest economy opens its financial market wider and looks to reduce its reliance on the US dollar, the yuan－which earned nominal international currency status from the International Monetary Fund in 2016－is on pace to grow in prominence.

As the virus hits more countries around the world, China is doing everything it can to help those in need. We take BRICS countries as our important partners. In spite of substantial demand at home and growing pressures to meet foreign orders, China has provided a large amount of medical supplies to fellow BRICS countries, and facilitated the purchase of such supplies through commercial channels.

As this year marks the 40th anniversary of the signing of the China-Japan Treaty of Peace and Friendship, the two sides should draw experiences and learn lessons from the ups and downs of bilateral relationship in recent years, and make joint efforts to create a healthy and stable bilateral relationship, he added.

As the renminbi exchange rate formation mechanism was improving, exchange rate elasticity was strengthened and played a significant role in allocating foreign exchange resources. The foreign exchange market is expected to maintain stable this year, despite external headwinds, the SAFE official added.

As the stock connects between the Chinese mainland and Hong Kong are among the major investment channels for overseas investors, the currently smaller daily transaction limit might be one hurdle for foreign capital inflows. But the increased daily limit will sweep away such concern, he said.