China's Forex Regulation: Navigating Challenges and Safeguarding Stability

China's foreign exchange regulator has announced vigilant measures to monitor the external environment and prevent volatility in the yuan exchange rate. Zhe Hexin, head of SAFE, emphasized the resilience of China's forex market during the Lujiazui Forum in Shanghai and committed to protecting against abnormal cross-border capital flows.

China's foreign exchange regulator said on Wednesday it will closely monitor changes in external environment to prevent the yuan exchange rate from overshooting, and guard against risks from abnormal cross-border capital flows.

Zhe Hexin, head of the State Administration of Foreign Exchange (SAFE), told the annual Lujiazui Forum in Shanghai that China's forex market is resilient.

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