PBOC condemns recent foreign media reports - Reuters

On Friday, China’s central bank, the People's Bank of China (PBOC) completely disapproved of the recent reports on Yuan reforms published by the foreign media.

The central bank noted the reports contain, “fabricated facts, misled readers, misled markets," adding that PBOC would investigate taking legal action.

PBOC also said that it will continue with market-oriented reform, increase two-way flexibility of the yuan and keep the yuan basically stable at reasonable/balanced level.