China's FX regulator will formulate a basket of policy measures to promote cross-border financing

China's FX regulator will formulate a basket of policy measures to promote cross-border financing.

This initiative from China's FX regulator suggests a more proactive stance on cross-border financing, likely intended to enhance market stability and attract foreign investments. Depending on the specific measures, this could lead to increased USD/CNY volatility and affect broader FX flows in the region, particularly influencing risk sentiment and positioning in related assets.