China SAFE: Will focus on "fighting" against FX manipulations

Caixin reports comments from China's FX regulator, the State Administration of Foreign Exchange (SAFE), Chief Pan Gongsheng, citing:

China will focus on "fighting" against FX manipulations.

China to combat underground banks, fake forex trading, and forex market manipulations.

Will fight against illegal forex outflows and inflows.

To keep "neutral" policy in cross-border capital flow management.

China's forex reserves are ample.