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China will fend off cross-border capital flow risks - regulator

BEIJING, Aug 17 (Reuters) - China will fend off cross-border capital flow risks while pushing forward capital account convertibility in a cautious and orderly way, Pan Gongsheng, the head of the State Administration of Foreign Exchange, said at a meeting on Thursday.

China will maintain forex market stability while increasing the flexibility of the yuan exchange rate, Pan said, according to the administration's website. (Reporting by Beijing Monitoring Desk)