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

FILE PHOTO: U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo - Copyright Thomas White(Reuters)

By Reuters

Published on 25/10/2018 - 12:34•Updated 20/04/2024 - 02:29

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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)

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