Sign in
  • Home
  • About
  • Research
  • Banking
  • Economy
  • Finance
  • Fintech
  • Events
Sign in
Welcome!Log into your account
Forgot your password?
Privacy Policy
Password recovery
Recover your password
Search
Logo
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
Friday, December 1, 2023
Sign in / Join
  • Home
  • About
  • Research
  • Banking
  • Economy
  • Finance
  • Fintech
  • Events
Facebook
Twitter
Logo
  • Home
  • About
  • Research
  • Banking
  • Economy
  • Finance
  • Fintech
  • Events
Home Finance SAFE Says China Will Continue to Drive Capital Account Opening
  • Finance
  • Economy

SAFE Says China Will Continue to Drive Capital Account Opening

By
CBNEditor
-
July 31, 2019
647
Facebook
Twitter
WhatsApp
Linkedin

    The State Administration of Foreign Exchange (SAFE) says that it will continue to drive the “stable and orderly” opening of China’s capital account.

    On 30 July SAFE convened a meeting on foreign exchange regulatory work for the second half of 2019 according to an announcement from its official website.

    SAFE said key focal points for work in the second half would include:

    • Further expediting high-level external opening and advancing opening of the capital account in stable and orderly manner;
    • Improvements to the qualified foreign institutional investor (QFII) scheme;
    • Implementation of administration based on equal treatment with domestic citizens prior to approval of foreign direct investment, in tandem with a negative list for foreign investment.

    SAFE said it would continue to make improvements to an integrated regulatory framework consisting of “macro-prudential + micro-regulation” when it came to cross-border capital flows, and further strengthen China’s ability to prevent the risk of external shocks.

    Facebook
    Twitter
    WhatsApp
    Linkedin
      CBNEditor

      RELATED ARTICLESMORE FROM AUTHOR

      PBOC’s Q3 monetary policy report highlights greater coordination with fiscal policy

      China’s top economists call for boosting theoretical confidence in private economy, transforming China into “great financial power”

      Home prices decline across all Chinese city tiers; China Development Bank official expelled from party

      Search

      Access critical intelligence on Chinese economic and financial policy for free by signing up for our email newsletter

      * indicates required

      ABOUT US

      China Banking News covers all the latest news and development in the Chinese finance and fintech sectors.

      Contact us: editor@chinabankingnews.com

      FOLLOW US

      Facebook
      Twitter
      • Home
      • About
      • Research
      • Banking
      • Economy
      • Finance
      • Fintech
      • Property
      • Sitemap