China said on Friday it will maintain yuan flexibility and foreign exchange market stability, vowing to actively prevent and defuse risks from external shocks.
The trend of foreigners investing in China, and allocating yuan assets will not change, China's foreign exchange regulator said. Meanwhile, China expects a reasonable current account surplus this year, despite an expected slowdown in exports.
The State Administration of Foreign Exchange said on Friday it will strengthen macro-prudential management of cross-border capital flows, and ward off risks of external shocks. "China's financial market is increasingly open, and Chinese bonds and stocks have sound investment value," SAFE said.
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