Ex-SAFE’s Guan: China should ease FX controls

Former Director of the international payments department at China’s State Administration of Foreign Exchange (SAFE), Guan Tao, urged China to ease FX controls, according to the Financial News and as cited by Bloomberg earlier today.

Additional Headlines:

Insufficient exchange-rate flexibility has held back China's move toward more open financial markets.

Reforms should include FX market development & loosening of controls.