SAFE denies reports
Source: Xinhua |
March 16, 2011, Wednesday
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Print Edition
Print Edition
THE State Administration of Foreign Exchange, China's foreign exchange regulator, yesterday denied media reports saying that China would substantially lift the annual quota allowed for individuals when buying foreign exchanges.
The SAFE said it currently has no plans to raise the quota. The announcement came after media reports said that China would raise the current quota of US$50,000 to US$200,000.
The SAFE said it currently has no plans to raise the quota. The announcement came after media reports said that China would raise the current quota of US$50,000 to US$200,000.
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