more reform to come?

Here's some coverage of Zhou Xiaochuan's comments on more currency reforms:

SHANGHAI, Mon: Reforms to China's currency regime do not represent a one-time adjustment, central bank governor Zhou Xiaochuan said in remarks published today, reiterating a commitment to a more market-driven system...

"It is not a one-time adjustment," he told the newspaper...

Zhou said that observers should not assume progress would be slow and stressed that the exchange rate has started to float.

As Chinese companies and the public adapt to the new system, market forces would gradually play a more influential role, he said...

In addition, increasing domestic demand-led growth and “to some extent” slowing investment were priorities that outweighed exchange rate reform.

“This is the adjustment China must do. I think exchange rate policy does work to some extent to achieve a more balanced economic structure, but domestic demand policy is more important than the exchange rate,” Zhou said. — AFP

One caveat though, seems the policymakers often make statements like this to steer the markets without actually haven't to make the policy changes. Policy changes themselves often happen when people least expect them.