China's SAFE Says It Will Strengthen Countercyclical Adjustments If Necessary

China's State Administration of Foreign Exchange said it will keep combining trade facilitation and risk prevention, while firmly safeguarding the security bottom line under opening-up conditions. According to Jin10, SAFE Deputy Director Li Bin said at a State Council Information Office news conference that the agency will continue improving its dual-track management framework of macroprudential policy plus micro-supervision, strengthen countercyclical adjustments and expectation guidance when necessary, maintain the stable operation of the foreign exchange market, and prevent systemic risks.