China's FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets. Chinese authorities have taken a raft of steps in recent months to curb capital flight from the country to support the weakening yuan currency, while trying to attract more foreign investment. Pan Gonsheng, head of the State Administration of Foreign Exchange (SAFE) said that China's foreign exchange market is relatively stable and cross-border capital flows are becoming more balanced, according to a statement posted ... (full story)