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China forex regulator says normal profits of foreign firms can be repatriated

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Reuters BEIJING
Last Updated : Jan 24 2017 | 12:07 PM IST

BEIJING (Reuters) - Repatriation of normal profits by foreign invested firms will not be restricted, the head of China's foreign exchange regulator said on Tuesday.

The comments follow several similar government statements meant to reassure foreign companies that stronger controls on capital leaving the country will not impact operations of foreign firms in China.

Pan Gongsheng, the head of the State Administration of Foreign Exchange, also said China supports legitimate overseas direct investment by Chinese firms.

(Reporting by Beijing Monitoring Desk; Editing by Simon Cameron-Moore)

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First Published: Jan 24 2017 | 11:54 AM IST

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