Pan Gongsheng, head of China’s State Administration of Foreign Exchange (SAFE), said on Friday that Beijing “will fend off external financial market shocks and risks.”

Pan said that they “will maintain stable operations and healthy order of FX market.”

Market reaction

At the time of writing, AUD/USD is adding 0.12% on the day to trade at 0.6778, trapped in a tight range amid Good Friday-led thin market conditions.