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8 months ago
China forex regulator says will not limit "normal" overseas remittances of foreign firms' profits
December 9, 2016 / 11:02 AM / 8 months ago

China forex regulator says will not limit "normal" overseas remittances of foreign firms' profits

BEIJING, Dec 9 (Reuters) - China will not limit overseas remittances of foreign firms' "normal profits", the foreign exchange regulator said on its offical microblog on Friday.

China's foreign exchange reserves fell for a fifth straight month in November to the lowest since March 2011, amid worries authorities are tightening controls of capital flows as the yuan slides to more than 8-year lows versus the dollar.

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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