China's FX regulator says to step up monitoring of cross-border capital flows

FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo. REUTERS

The State Administration of Foreign Exchange will enrich its policy toolkit and fend off systemic financial risks

Staff Writer, Reuters News

November 15, 2023

PHOTO
FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo. REUTERS

China will strengthen the monitoring of cross-border capital flows, the foreign exchange regulator said on Wednesday.

The State Administration of Foreign Exchange will enrich its policy toolkit and fend off systemic financial risks, it said in an article published on its official WeChat account. (Reporting by Beijing newsroom; editing by Christina Fincher)

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