Headlines via Reuters from comments from China’s State Administration of Foreign Exchange (SAFE):

  • China’s SAFE says will gradually exempt FX curbs under capital account
  • FX regulator sees no obvious changes in capital in/outflows
  • Says Shanghai-HK stocks link won’t cause big cross-border flows
  • Will continue to crack down on illegal trade financing
  • Adds firms would rather hold FX, in positive change

-