BEIJING: China is closely observing the fall of Russian rouble, the foreign exchange controller said, as the currency of one of its major energy importers struggles to avoid a free-fall.
Wang Yungui, head of policy and regulations for the State Administration of Foreign Exchange (SAFE), told a news conference that China was not overly concerned about signs of forex outflows in recent months.
“Under the circumstance, signs of capital outflows in certain months are normal. Overall, we still see net capital inflows,” he said, adding that many companies have opted to park export income overseas instead of selling off hard currency to banks, given the strong two-way fluctuations in the yuan spot market
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
