UPDATE 1-Head of China's forex regulator meets HKMA chief executive

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Updates with context, details) BEIJING, April 3 (Reuters) - China's head of forex regulator Pan Gongsheng met Eddie Yue, the chief executive of the Hong Kong Monetary Authority (HKMA), on Monday, the regulator said. The pair exchanged views on the interconnection of financial markets in the mainland and Hong Kong, the State Administration of Foreign Exchange said in a brief statement. Earlier today, Yue also met with China's central bank governor Yi Gang, and discussed economic and financial topics, the People's Bank of China said in a statement. The meetings came in the wake of banking turmoil last month which started with the collapse of two regional U.S. lenders. That had sparked concerns about a broader financial crisis. Senior Chinese banking officials have urged China's top lenders to enhance risk management practices and be more sensitive to macroeconomic fluctuations. (Reporting by Beijing newsroom Editing by Bernadette Baum)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.