China aiming for 'basic balance' in payments

- Central Banking staff
- 24 Jan 2007

The head of China's currency regulator SAFE said Sunday 21 January that it will ease rules for capital to flow out of the country this year while making it harder for money to enter.

Chinese banks, insurers, companies and individuals will be allowed to convert more yuan into foreign currencies for buying overseas stocks and debt, while rules are being tightened to control short-term capital inflows.

The moves are aimed at "actively promoting the basic balance" of the Chinese balance of payments

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact info@centralbanking.com to find out more.

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@centralbanking.com test test test

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@centralbanking.com test test test