December 22, 2017 / 7:47 AM / a month ago

China will guarantee safety, liquidity and value of FX reserves

BEIJING (Reuters) - China’s foreign exchange regulator said on Friday it will strengthen forex reserves management and guarantee safety, liquidity and the value of the country’s forex reserves.

China will also steadily push forward capital account convertibility while fending off cross-border capital flow risks, the State Administration of Foreign Exchange said on its website.

Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong

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