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.
Insufficient exchange-rate flexibility has held back China's move toward more open financial markets.
Reforms should include FX market development & loosening of controls.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.