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

By Kitco News / October 25, 2018 / www.kitco.com / Article Link

BEIJING, Oct 25 (Reuters) - The impact of China-U.S. tradefrictions on China's cross-border capital flows are largelyunder control, the foreign exchange regulator said on Thursday.


China will continue opening up its capital markets in anorderly manner and further ease requirements for capitaloutbound remittance for investors its under Qualified ForeignInstitutional Investor (QFII) and the Renminbi Qualified ForeignInstitutional Investor(RQFII) programmes, the regulator said onits website.


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


(Reporting by Beijing Monitoring DeskEditing by Shri Navaratnam)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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