China's SAFE: US Fed policy stance will be favourable for China's capital flows

Author: Eamonn Sheridan | Category: Central Banks

China's FX regulator is the State Administration of Foreign Exchange (SAFE).

Remarks:

  • China's cross-border capital flows generally stable in Q1
  • Says will strengthen counter-cyclical policies to support economy
  • Confident China will be able to achieve 2019 economic growth target
  • US Fed's policy stance will be favourable for China's capital flows
  • Expects China's cross-border capital flows to remain steady despite some uncertainties
  • China will prevent risks in cross-border capital flows, ensure safety of China's FX reserves
  • Says will improve channels for investing in China's interbank bond market, develop panda bond market
  • Will improve macro-prudential management, counter-cyclical policy on capital flows
A few hints of more stimulus in those comments … referring to the second one in that list.

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