# Cross-border capital flows to remain stable | english.scio.gov.cn

> China's State Administration of Foreign Exchange said cross-border capital flows should stay stable in 2020, backed by a more flexible yuan exchange rate and a possible current account surplus. The regulator cited the US-China phase one trade deal signed the previous day as positive for the yuan.

- Date: 2020-01-19 · published 2020-01-19T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/7875-cross-border-capital-flows-to-remain-stable-english-scio-gov-cn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stable, firmer yuan and improved trade climate reduce pressure on Chinese import demand for feed grains and meal, a mildly supportive backdrop for soybean and corn import flows.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2020-01-21 | 1 | +0.7% | 4.1 | SAFE said the phase one deal and a flexible yuan should keep capital flows stable, which supports yuan sentiment and reduces depreciation pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-09-30 | [Analysis: Improved Capital Returns Key to Sustainable Yuan Strengthening - Caixin Global](https://feedsoft.ai/events/28555-analysis-improved-capital-returns-key-to-sustainable-yuan-strengthening-caixin.md) | +0.1% | +1.6% |
| USDCNY | 2017-12-31 | [Economic Watch: 4 reasons why RMB stood tall in 2017 - Xinhua \| English.news.cn](https://feedsoft.ai/events/67710-economic-watch-4-reasons-why-rmb-stood-tall-in-2017-xinhua-english-news-cn.md) | -0.1% | -2.9% |
| USDCNY | 2018-02-01 | [Chinese yuan strengthens to new high against USD - Xinhua \| English.news.cn](https://feedsoft.ai/events/66716-chinese-yuan-strengthens-to-new-high-against-usd-xinhua-english-news-cn.md) | -0.3% | +1.2% |
| USDCNY | 2017-10-31 | [Chinese yuan strengthens to 6.6397 against USD Tuesday - Xinhua \| English.news.cn](https://feedsoft.ai/events/68676-chinese-yuan-strengthens-to-6-6397-against-usd-tuesday-xinhua-english-news-cn.md) | -0.3% | -0.6% |
| USDCNY | 2019-11-07 | [Chinese yuan strengthens to 7.0008 against USD Thursday - Xinhua \| English.news.cn](https://feedsoft.ai/events/56298-chinese-yuan-strengthens-to-7-0008-against-usd-thursday-xinhua-english-news-cn.md) | +0.3% | +0.5% |

## Sources

- english.scio.gov.cn: http://english.scio.gov.cn/pressroom/2020-01/19/content_75628532.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.