SAFE is the FX regulator in China
- Says pressure on cross-border capital outflows easing
(Is 'cross-border capital outflow' a tautology?)
- Commercial banks sold a net $12.8bn in June (sold $12.5bn in May)
More:
- Expectations of yuan depreciation are weakening
- Cross border capital flow to be more stable
Still more:
- Sees no major impact on China's capital flow from Brexit
(Unlike GBP :-D )