A spokeswoman for China's State Administration of FX (SAFE)

  • Says capital outflows have eased recently
  • Indicators show yuan stabilising
  • China can adapt to US monetary policy normalisation

Headlines via Bloomberg

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More (Via Reuters):

  • PBOC sold net $22.4bn of FX in March ($35.3bn in February)
  • China commercial banks sell net $124.8 bln of FX in q1 - FX regulator
  • China commercial banks sell net $36.5 bln FX in March vs net sale of $33.9 bln in February (Reuters calculation)
  • China commercial banks sell net $36.4 bln FX in March vs net sale of $33.9 bln in February - FX regulator
  • Cross-border capital flows back to normal after short-term volatility, will be stable in future
  • China will maintain current account surplus, fx reserves ample
  • Will push forward yuan convertibility on capital account
  • Will continue to crack down on illegal forex activities

More (via MNI):

  • Chinese companies have slowed the pace of repaying external debt

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Capital outflows have been a big concern for the PBOC, but since the pace of yuan devaluation has slowed significantly these outflows have also slowed.