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China to help companies strengthen ability to manage currency risks

China to help companies strengthen ability to manage currency risks

FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration

SHANGHAI : Chinese regulators said on Thursday they would help companies enhance their ability to manage currency risks.

The government will help importers and exporters better use forex hedging tools, and set up a "risk neutral" mentality, China's central bank, forex regulator and commerce ministry said in a joint statement.

Source: Reuters

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