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Forex regulations eased to spur trade

The nation's foreign exchange regulator has abolished 17 regulations on forex management to promote trade and investment facilitation. As a part of the government's reform to improve regulations and services, clearing the outdated regulations will help market entities better understand the nation's forex policies, the State Administration of Foreign Exchange said on Tuesday. The abolished regulations had focused on aspects like forex payments for imports, trade in services and foreign debt, as well as forex management for financial institutions, companies and individuals.

Yuan strengthens against greenback