Shanxi Province: Need Time and Capital Account

shanxi province: But experts noted that the policy will likely be temporary, and the government remains committed to its goal of opening up China's capital account, according to Global Times China. A bank employee counts US dollars on Wednesday in Taiyuan, capital of North China's Shanxi Province. Investors and companies said they are unsure how the new rules will affect them specifically, though pessimism prevails. Photo CFP The Chinese government has rattled the market by releasing a set of new rules restricting foreign exchange purchasing at the beginning of 2017, but it seems investors and market institutions still need time to digest the changes. In a statement published on its website on December 31, 2016, the State Administration of Foreign Exchange SAFE stressed that it is improving the application process for foreign exchange purchasing. The government just launched the rules, and we don't know how they will specifically affect us, said a real estate broker based in Manhattan, on condition of anonymity. (news.financializer.com). As reported in the news.