The State Administration of Foreign Exchange (SAFE) is China's FX regulator
- Says 2017 a turning point for China's cross-border capital flows to become basically balanced from net outflows
- expects cross-border capital flows to remain largely steady in 2018
- China's outbound investment to maintain steady development in 2018
- Will support qualified firms to invest abroad, curb irrational outbound investment
- Impact from US Federal Reserve policy normalisation on China's capital flows is weakening
- China will strengthen monitoring cross-border capital flows to curb risks
- China's investments in u.s. treasury bonds are market driven
- Recent yuan appreciation driven by China's improving economy, weaker dollar
- Two-way yuan fluctuations will become a new normal
- China will deepen forex reform, enhance yuan flexibility
Headlines via Reuters
