China to strengthen checks on FX businesses -SAFE

BEIJING, April 23 Wed Apr 23, 2014 3:24am EDT

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BEIJING, April 23 (Reuters) - China will reinforce checks on the foreign exchange businesses of financial institutions this year and closely monitor cross-border capital inflows and outflows, the country's top foreign exchange regulator said on Wednesday.

The State Administration of Foreign Exchange pledged to heighten its alert to prevent systemic and regional financial risks, it said in a statement on its website. (Reporting by China Economics Team)

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