Regulator confident in reining money flux

China's financial regulator said the country will keep crossborder capital fluctuations under control, during the process of opening the financial sector further, to limit risk of exposure to speculative money from outside.

The country is taking measures "to effectively iron out crossborder capital flow fluctuations and reduce their impact on the foreign exchange rate", said Huo Yingli, director general of the Macro Prudential Administration of the People's Bank of China, the central bank.

Her remark came after policymakers upgraded the country's opening-up plan following the G20 Summit in Japan. Chinese leaders have vowed to lift all foreign investment restrictions, aside from a new edition of the negative list, and to focus on greater openness in many key areas, such as the financial sector.