Ex-SAFE’s Guan: China should ease FX controls

Dhwani Mehta FXStreet

Former Director of the international payments department at China’s State Administration of Foreign Exchange (SAFE), Guan Tao, urged China to ease FX controls, according to the Financial News and as cited by Bloomberg earlier today.

Additional Headlines:

Insufficient exchange-rate flexibility has held back China's move toward more open financial markets.

Reforms should include FX market development & loosening of controls.

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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