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China will guarantee safety, liquidity and value of FX reserves

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Reuters BEIJING
Last Updated : Dec 22 2017 | 1:25 PM IST

BEIJING (Reuters) - China's foreign exchange regulator said on Friday it will strengthen forex reserves management and guarantee safety, liquidity and the value of the country's forex reserves.

China will also steadily push forward capital account convertibility while fending off cross-border capital flow risks, the State Administration of Foreign Exchange said on its website.

(Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong)

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First Published: Dec 22 2017 | 1:16 PM IST

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