SHANGHAI (Reuters) – China’s foreign exchange regulator said on Friday it will continue to maintain the flexibility of the yuan exchange rate, and actively prevent and defuse risks from external shocks.
The State Administration of Foreign Exchange (SAFE) also said that it will keep cross-border investment appropriate and orderly, and will strengthen macro-prudential management of capital flows.
The regulator said it expects reasonable surplus in the current account in 2022, according to a statement on its website.
(Reporting by Shanghai and Beijing Newsroom; editing by Philippa Fletcher)
