China FX regulator pledges to fend off external shocks and risks

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China FX regulator pledges to fend off external shocks and risks

SHANGHAI, March 15 (Reuters) - China's foreign exchange regulator said on Friday it would continue to maintain prudent operation and healthy developme

SHANGHAI, March 15 (Reuters) – China’s foreign exchange
regulator said on Friday it would continue to maintain prudent
operation and healthy development of the country’s FX market,
while fending off external shocks and risks.

The State Administration of Foreign Exchange (SAFE) also
reiterated that the regulator would guarantee the safety,
liquidity and value of China’s FX reserve assets, it said in a
statement on its website.
(Reporting by the Beijing Newsroom; Editing by Jacqueline Wong)

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