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

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

Comments from State Administration of Foreign Exchange (SAFE), China’s foreign exchange regulatory agency, are out on the wires via Reuters:

(Market News Provided by FXstreet)