Chinese firms have invested in derivatives to hedge their forex exposure. Photo: AP
Chinese firms have invested in derivatives to hedge their forex exposure. Photo: AP

Chinese firms warned to strengthen foreign exchange safeguards

  • State Administration of Foreign Exchange says firms must evaluate forex exposure and come up with ‘scientific’ hedging plans
  • Beijing is still on high alert for capital flight and is watching to see what impact US policies will have on the yuan’s exchange rate

Topic |   China economy
Chinese firms have invested in derivatives to hedge their forex exposure. Photo: AP
Chinese firms have invested in derivatives to hedge their forex exposure. Photo: AP
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