China to improve management of FX reserves: SAFE

China will continue to see a surplus in the country's current account but will post deficits in the capital and financial accounts in the second half of 2015, the foreign exchange regulator said on Wednesday. 

PHOTO: REUTERS

SEP 30, 201511:29 AM

[BEIJING] China will continue to see a surplus in the country's current account but will post deficits in the capital and financial accounts in the second half of 2015, the foreign exchange regulator said on Wednesday.

The State Administration of Foreign Exchange (SAFE) said in a statement published on its website that it would keep the yuan basically stable while improving management of its foreign exchange reserves to ensure safety.

It also said that the authorities will strengthen monitoring of cross-border capital flows.

REUTERS