China SAFE: China will steadily push forward with opening up of capital account

Dhwani Mehta FXStreet

Reuters reports the latest comments from the China’s FX regulator, the State Administration of Foreign Exchange (SAFE), with the key headlines found below.

Country's forex market mostly stable.

Current account surplus within reasonable range.

Forex reserves steadily rising.

Country's fx reserve is a responsible investor on global financial markets.

China will steadily push forward with opening up of capital account.

Potential for foreign capital flows into china remains huge.

Will keep Yuan basically stable at reasonable and balanced levels.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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