SAFE reforms FX regime for capital accounts
September 13, 2016 | BY
Katherine Jo &clp articlesSAFE's latest rule on capital account transactions has allowed for smoother FX conversion and enhanced flexibility in currency risk and cash management by domestic and foreign enterprises
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The State Administration of Foreign Exchange (SAFE), China's regulator tasked with monitoring foreign exchange (FX) flows, has long held a tight control on currency conversion. It has slowly relaxed its