China Has the Power to Stop Capital Flows From Destabilizing Stock Market, Regulator Says
Fang Xinghai, vice chairman of the China Securities Regulatory Commission, speaks at the Boao Forum for Asia in Hainan province on April 19. Photo: VCG
China’s financial authorities are closely monitoring flows of overseas capital into and out of the mainland stock markets and are confident they can maintain market stability in the event of any sudden large movements of funds, a senior regulatory official said Monday.
The China Securities Regulatory Commission (CSRC) is capable of preventing volatility in domestic markets that may be triggered by large capital inflows and outflows, Fang Xinghai, a vice chairman of the watchdog, said during a panel discussion at the annual Boao Forum for Asia taking place on the southern island province of Hainan.