China Forex Regulator Says to Add New Measures to Improve Sector
MT Newswires Live
Jan 07
China's foreign exchange regulator will facilitate the further opening-up of the country's foreign exchange market in 2026 through new measures, Xinhua News Agency reported Tuesday, citing the proceedings from the body's annual work conference.
The State Administration of Foreign Exchange (SAFE) will streamline forex procedures, expand its pilot programs for more open cross-border trading, widen the functions of cross-border financial services platforms, and improve support for cross-border e-commerce and other trade forms, the report said.
SAFE will also help financial companies develop user-friendly hedging tools to boost forex infrastructure, according to the report.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.