No new regulation imposed to limit fx purchase – China’s SAFE

FXStreet (Mumbai) - Comments from State Administration of Foreign Exchange (SAFE), China's foreign exchange regulatory agency, are out on the wires via Reuters:

Q4 outflow pressure eased over Q3

Q4 net fx outflow down 61% over Q3

Risks with cross border capital flow controllable

Our forex reserves is ample

Valuation cuts Jan-Sept fx reserves by $101.7 bln

China has enough reserves to fend off "external impact"

No new regulation to limit fx purchase

Stepped up checks on speculative fx transactions