Monday , October 3 2022

China's currency regulator to ease the commodity futures exchange rate rules


PEYING (Reuters) – China's foreign exchange regulator said on Sunday it would ease the rules for approval of the commodity futures exchange rate.

China will also strengthen the medium to long-term asset allocation in foreign exchange reserve management, the State Administration of the Currency said in a report published on its website.

He added that it would stimulate the diversification of foreign exchange reserves in a consistent, prudent way and would guarantee safety and liquidity, while increasing the value of foreign exchange reserves.

Reportage by Kate Cadell; Edit by Sam Holmes

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