China unveils fresh steps to curb capital outflows, spur inflows

Beijing

CHINA'S foreign exchange regulator on Thursday issued new guidelines aimed at helping curb capital outflows from the country and boosting foreign currency inflows, in the latest step to ease pressure on the yuan currency.

The State Administration of Foreign Exchange (SAFE) said it will strengthen monitoring of cross-border capital flows as it looks to promote "healthy development" of the foreign exchange market.