BREAKING NEWS

BREAKING NEWS

Impact of Sino-U.S. trade row on China's cross-border capital flows under control - FX regulator

Now Reading :

Impact of Sino-U.S. trade row on China's cross-border capital flows under control - FX regulator

Impact of Sino-U.S. trade row on China's cross-border capital flows under control - FX regulator
@ Copyright :
Thomas White(Reuters)
Text size Aa Aa

BEIJING (Reuters) - The impact of China-U.S. trade frictions on China's cross-border capital flows are largely under control, the foreign exchange regulator said on Thursday.

China will continue opening up its capital markets in an orderly manner and further ease requirements for capital outbound remittance for investors its under Qualified Foreign Institutional Investor (QFII) and the Renminbi Qualified Foreign Institutional Investor(RQFII) programmes, the regulator said on its website.

The comments came after official data showed that Chinese commercial banks sold a net $17.6 billion of foreign exchange in September, compared with a net sale of $14.9 billion in August.

(Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.