China FX regulator:
Will keep yuan basically stable at reasonable and balanced levels Confident and capable of keeping FX market stable operationsExports have maintained resilienceRecent buying of onshore stocks has increasedWill continue to implement proactive macro policyGlobal balance of payments will keep basically stableFX market resilience will continueAbility to counter FX market Volatiity has improvedWill set up FX management policy evaluation mechanismWill improve qualified foreign investor rulesWill push forward with foreign debt reform and management to improve quota managementWill forcefully fend off external shocks and risksImprove fund management of domestic enterprises listed overseasWill take multiple measures to support development of foreign trade firms and further deepen reform of foreign trade, FX Business ManagementWill approve new qualified domestic investor (QDII) quotaChina’s State Administration of Foreign Exchange (SAFE) is a key government agency responsible for managing the country's foreign exchange reserves (China's FX exchange reserves are the largest in the world) and regulating the foreign exchange market. SAFE operates under the jurisdiction of the People's Bank of China (PBOC), China's central bank.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( China FX regulator says will keep yuan basically stable at reasonable and balanced levels )
Also on site :