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China to Explore PE Capital Mgmt: Forex Watchdog

CHINA PRESS
MNI (Sydney)

China's forex regulator said it will explore changes to the cross-border flow of private equity capital and push for the wider opening-up of the financial markets, according to a statement posted on the website of the State Administration of Foreign Exchange. SAFE will also enhance efforts to prevent financial risks, including the increased monitoring of capital flows and action against money laundering, the statement said. SAFE had prudently and steadily managed its forex reserves in H1 and ensured the country's forex reserves stayed above USD3 trillion..

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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