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China will step up foreign exchange market monitoring in 2022 – regulator – Metro US

China will step up foreign exchange market monitoring in 2022 – regulator

Chinese Yuan bank notes are seen at a vendor’s cashbox
Chinese Yuan bank notes are seen at a vendor’s cashbox at a market in Beijing

Hong Kong (Reuters) – China will strengthen foreign exchange market monitoring and step up risk prevention and control in 2022, the country’s FX regulator said in a statement on Monday.

In 2022, China will also promote cross-border investment of private equity investment funds, the State Administration of Foreign Exchange said in the statement.

(Reporting by Meg Shen; ; editing by John Stonestreet)

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