 |
|
A clerk counts yuan and US dollar banknotes at a bank in Nantong, East China's Jiangsu province, Sep 21, 2016. [Photo/VCG] |
BEIJING - Chinese foreign exchange authorities have not rolled out policies to terminate the foreign exchange purchase quota of $50,000 a year per person, a senior official said Friday.
Wang Chunying, spokesperson for the State Administration of Foreign Exchange (SAFE), made the remarks at a press conference when refuting market rumors that some cities have scrapped the cap on a pilot basis.
The SAFE has tried to strike a balance between providing convenient foreign exchange services and preventing risks, said Wang, adding that authorities will continue to strengthen supervision on cross-border capital flows.
The SAFE increased the quota for individual forex purchases from $20,000 per person to $50,000 starting Feb 1, 2007.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
