China SAFE: Increase in Q3 net capital outflows mostly due to seasonal factors

Headlines crossed the wires from China’s fx regulator, State Administration of Foreign Exchange (SAFE) last minutes, commenting on the cross-border capital outflows.

Key Headlines:

Cross-border capital flows should be basically stable going forward

Increase in q3 net capital outflows mostly due to seasonal factors

Level of personal FX purchases in q3 reasonable, less than same period last year