China SAFE: Will avoid disorderly fluctuations in fx market

China will avoid disorderly fluctuations in the fx market this year, the country’s fx regulator, the State Administration of Foreign Exchange (SAFE), said in a statement on Thursday.

Additional comments

“Will step up market expectations, macro-prudential management. “

“Will steadily push forward opening up of the capital account. “

“Will improve capital management of foreign institutions' onshore equity and bond issuance.”

“Will support financial institutions to introduce more fx derivatives that meet market demand.”