China SAFE: China to post a current account surplus in 2016

Headlines from China's fx regulator SAFE that hit the wires over the last hour:

China to post a current account surplus in 2016

Expect capital, financial account deficit in 2016

Will crack down on violations in forex field in 2016

Will prevent risk of abnormal capital flows in 2016

Will push forward capital account convertibility in 2016

Will strengthen monitoring of international BOP

Expect cross-border capital flows to stabilise in 2016