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Overseas investors far more ready to hold yuan assets: FX regulator

Overseas investors far more ready to hold yuan assets: FX regulator© Reuters. Overseas investors far more ready to hold yuan assets: FX regulator

SHANGHAI (Reuters) – Willingness of overseas investors to hold yuan-denominated assets is rising fast, China’s foreign exchange regulator Pan Gongsheng said on Thursday.

Pan, speaking at a financial forum in Shanghai, also urged domestic companies to conduct more hedging activity against the backdrop of higher volatility.

He also reiterated that the regulator will improve the macro prudential regulatory framework for cross-border capital flows.

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Source: Investing.com

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