No new regulation imposed to limit fx purchase – China’s SAFE

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Comments from State Administration of Foreign Exchange (SAFE), China's foreign exchange regulatory agency, are out on the wires via Reuters:

    Q4 outflow pressure eased over Q3

    Q4 net fx outflow down 61% over Q3

    Risks with cross border capital flow controllable

    Our forex reserves is ample

    Valuation cuts Jan-Sept fx reserves by $101.7 bln

    China has enough reserves to fend off "external impact"

    No new regulation to limit fx purchase

    Stepped up checks on speculative fx transactions
    For more information, read our latest forex news.

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