May 19, 2017 / 11:32 AM / in 8 months

China cross-border capital flows stabilising and improving - FX regulator head

BEIJING (Reuters) - China’s current cross-border capital flows are stabilising and improving, the head of the country’s foreign exchange regulator said in a meeting with foreign firms on Friday, according to a post on the regulator’s website.

Pan Gongsheng, head of the State Administration of Foreign Exchange, said that maintaining a stable foreign exchange market required cooperation between regulators and market entities.

China’s foreign exchange regulator will continue reforms and opening, and improve the convenience of cross-border trade and investment, according to the notice on SAFE’s website.

Reporting by Beijing Monitoring Desk and Elias Glenn; Editing by Richard Borsuk

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