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Zhu Hexin, deputy governor of the People's Bank of China and administrator of the State Administration of Foreign Exchange, at the 2026 Lujiazui Forum in Shanghai on June 17, 2026. Photo: VCG
China’s FX Regulator Plans Full-Chain Management of Cross-Border Capital Flows
SAFE said capital-account opening must go beyond currency conversion to cover transactions, settlement, hedging and exits, while easing procedures for compliant firms
125 words~1 min read
