China FX regulator says will push forward two-way opening of financial market

BEIJING (Reuters) - China's foreign exchange regulator will push forward two-way opening of the country's financial market and fend off risks from cross-border capital flows, the head of the State Administration of Foreign Exchange said on Monday.

Pan Gongsheng said China's cross-border capital flows were basically balanced in 2017, according to comments posted to the regulator's website.

(Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)