China’s SAFE dismisses reports of tightened controls over FX sales - Xinhua

China’s FX regulator, the State Administration of Foreign Exchange (SAFE), made several announcements over the weekend surrounding fx transactions, Xinhua reports.

Key Headlines:

SAFE dismisses reports of tightened controls over FX sales

Says no new restrictions have been adopted on currency exchange or cross-border payments

All forex transactions are being conducted normally

Ensure the compliance of transactions with current rules