Home  |  News  |  Photo  |  Video   |  Travel  |  Learn Chinese  |  Opinions  |  EZFM  |  NEWS Plus  |  CHINA PLUS
Forex regulator dismisses reports on transnational financing regulation
   2017-01-26 01:08:58    Xinhua      Web Editor: Zhang Jin

The State Administration of Foreign Exchange [File photo: cngold.com.cn]

Related: No restrictions on cross-border renminbi receipts, payments: central bank

China's foreign exchange regulator on Wednesday issued a statement on its website, dismissing media reports on tightened regulation of transnational financing.

In the brief statement, the State Administration of Foreign Exchange (SAFE) said no regulation had been issued on transnational financing of imports.

Some reports have said that China had adopted new measures to prevent capital flight.

The SAFE reiterated in the statement that enterprises can handle authentic, legal foreign exchange revenue and payments directly in banks.

The SAFE also clarified that cross-border guarantee business with authentic trade and investment backgrounds are not affected.

Despite drops in China's foreign exchange reserves, the reserves are still abundant to fend off external risk, the central bank said this month.

Forex reserves fell for the sixth straight month to about 3.01 trillion U.S. dollars last month, down from 3.05 trillion dollars in November and 3.12 trillion dollars in October.

SAFE said last month that China's cross-border capital flow has remained stable with no surges in foreign exchange purchases.

Share

               


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

                         
News
China
World
Politics
Business
Sports
Showbiz
Sci-tech
Photo
Recommended
China
World
Sports
Showbiz
Travel
Video
C4
The Sound Stage
Showbiz
Travel
China Revealed
My Chinese Life
Travel
Destinations
Photo Gallery
Recommended
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ