June 5, 2018 / 7:40 AM / 5 months ago

China will create fairer, more transparent business environment: FX regulator

BEIJING (Reuters) - China will create a fairer, more transparent and convenient business environment while deepening foreign exchange management reform and opening up, the forex regulator said on Tuesday.

FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

The State Administration of Foreign Exchange (SAFE) made the comments in an online statement after a meeting with organisations and companies including the United States Chamber of Commerce, Citibank (C.N), Deloitte & Touche LLP and Samsung Electronics Co Ltd (005930.KS).

China will also steadily push forward capital account convertibility and fend off cross-border capital flow risks, the regulator added.

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below