China SAFE: Forex FX supply and demand basically stable in Q1


Following the comments from Chinese Commerce Ministry and NDRC, the country’s fx regulator - the State Administration of Foreign Exchange (SAFE) came out on the wires, via Reuters, noting:

Forex FX supply and demand basically stable in Q1.

China-US trade friction on China cross-border capital flows can be controlled.

FX policies will support further opening up of China's economy.

Will continue to push forward opening capital markets, including those for stocks and bonds.

To continue Yuan exchange rate reform.

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