Yuan Assets Are Attractive - SAFE

Despite international volatility caused by rising inflation and interest rate hikes, yuan assets are increasingly attractive given China’s stability in cross-border capital flows, current account surplus and direct investment inflows, Lu Lei, deputy director of the State Administration of Foreign Exchange told the Financial Street Forum annual meeting on Tuesday. Lu said foreign capital was only 5% of China's capital markets and had potential to be increased. He said the management of cross border capital flows should focus on openness and security, and the level of openness should be in accordance with conditions of individual countries.