BEIJING (Reuters) – China will strengthen the monitoring and analysis of the foreign exchange situation to fend off cross-border capital flow risks, the country’s forex regulator said in a statement on Wednesday.
The State Administration of Foreign Exchange (SAFE) also said it will continue to steadily push forward high-level opening up of capital accounts.
(Reporting by Kevin Yao and Ethan Wang; Writing by Meg Shen, Editing by Louise Heavens)