China's central bank has conducts 11 cases of clarifications regarding rumors about China's foreign exchange policy in the first half of 2016.

People's Bank of China (PBOC) has made clarifications in their official Weibo account saying that there is speculating powers regarding the renminbi's exchange rate.

Market uncertainties about renminbi have been aroused due to Brexit and high expectation of interests increase of Federal Reserve has emerged. The rumors have been spread throughout society. A report by Thepaper.cn said that it is obvious that the rumors lead to short-term sharp fluctuation in the renminbi's exchange rate.

The PBOC has issued a statement on the operation situation of renminbi's exchange rate on June 30 on its official website. The statement criticized some media stating that they have continuously published untrue information about the renminbi's exchange rate which misled public opinion, disturbed normal operations order of foreign exchange market. Furthermore, the rumors fomented speculating powers to short renminbi's position in the international market.

The statement issued by PBOC on Thursday said that it keeps the yuan relatively stable to a basket of currencies and the currency's foreign exchange mechanism will continue to be market-based one.

Foreign media said that China intended to maintain the stability of the renminbi's exchange rate by intervening renminbi in the offshore market.

Two days ago, on June 28, PBOC along with The Shanghai branch of the State Administration of Foreign Exchange reiterated that the current policy on individuals converting the yuan to foreign currency remains unchanged.

PBOC have made it clear about marketization of renminbi' exchange rate and administration of foreign exchange in previous times.