China’s SAFE: Pressure on capital outflow eased significantly in Q1

China’s fx regulator, the State Administration of Foreign Exchange (SAFE), published a statement today on capital flows in March and Q1.
Key Points:
For the January to March period, net forex sales stood at $40.9 billion
For March, $11.6bn ($10.1bn in February)
Pressure on capital outflow eased significantly in Q1
A SAFE official noted that Yuan depreciation expectation has weakened
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.

















