Reuters reports that Chinese central bank official said that stimulus measures implemented by the Federal Reserve’s over the past year and future policy changes that the U.S. central bank has signalled will have limited impact on China’s financial markets.

“The positive effect of China’s normal monetary policy stance is emerging,” said Sun Guofeng, head of the People’s Bank of China’s (PBOC) monetary policy department.

“The next step is to manage our own affairs well, and we must keep our monetary policy steady.

“We’re happy to see efforts by other economies to return to normal monetary policy which will be beneficial for the long-term healthy development of the global economy.”

Sun added that PBOC will keep the yuan’s exchange rate basically stable at a reasonable level, and step up prudent management of cross-border capital flows and guide expectations.