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July 19, 2018

China to improve macro-prudential, counter-cyclical measures for forex management: official

China to improve macro-prudential, counter-cyclical measures for forex management: official
FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration

BEIJING (Reuters) - China will improve macro-prudential, counter-cyclical measures for foreign exchange management, a spokeswoman for the nation's foreign exchange regulator said on Thursday.

Wang Chunying, spokeswoman at the State Administration of Foreign Exchange (SAFE), said the regulator needs to assess the impact of trade frictions on China's cross-border capital flows but that China can cope with challenges as its reserves are ample.

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