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Watchful SAFE
Source: Xinhua |
February 28, 2012, Tuesday
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Print Edition
Print Edition
CHINA'S foreign exchange regulator yesterday said it would monitor "abnormal" cross-border capital flow and to combat potential risks.
China would also work to further improve the regulatory framework of both domestic and foreign currencies, the State Administration of Foreign Exchange said in a statement on its website.
Government authorities should make use of economic, legal and necessary administrative measures to reduce speculation and arbitrage trading, and at the same time "severely crack down" on illegal cross-border capital flow, the SAFE added.
China would also work to further improve the regulatory framework of both domestic and foreign currencies, the State Administration of Foreign Exchange said in a statement on its website.
Government authorities should make use of economic, legal and necessary administrative measures to reduce speculation and arbitrage trading, and at the same time "severely crack down" on illegal cross-border capital flow, the SAFE added.
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