China's forex market stable: regulator
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China's foreign exchange market is now relatively stable, with cross-border capital movement gradually becoming balanced, the head of the country's forex regulator said Wednesday.

Speaking at a meeting with representatives from foreign investors, Pan Gongsheng, head of the State Administration of Foreign Exchange, struck a confident tone that China's cross-border payments will be "steady" in the future.

He said China's foreign exchange management will basically focus on reform and opening-up to facilitate cross-border trade and investment, and at the same time prevent risks from cross-border capital flows.

Stressing these as two "basic points," Pan said China's foreign exchange management aims to better serve enterprises and the real economy and maintain a healthy, steady and good market order.

A steady and benign market is in line with the common interests of both the regulator and market entities, and requires joint efforts from all parties involved, he said.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan