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China FX regulator says will push forward two-way opening of financial market
December 11, 2017 / 11:10 AM / Updated 2 hours ago

China FX regulator says will push forward two-way opening of financial market

BEIJING (Reuters) - China’s foreign exchange regulator will push forward two-way opening of the country’s financial market and fend off risks from cross-border capital flows, the head of the State Administration of Foreign Exchange said on Monday.

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

Pan Gongsheng said China’s cross-border capital flows were basically balanced in 2017, according to comments posted to the regulator’s website.

Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

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