China's foreign exchange market is now relatively stable, with cross-border capital movement gradually becoming balanced, the head of the country's forex regulator said. Speaking at a meeting with representatives from foreign investors, Pan Gongsheng, head of the State Administration of Foreign Exchange, spoke confidently saying China's cross-border payments will be "steady" in the future.

He said China's foreign exchange management will basically focus on reform and opening up to facilitate cross-border trade and investment, and at the same time prevent risks from cross-border capital flows.

Stressing these as two "basic points", Pan said China's foreign exchange management aims to better serve enterprises and the real economy and maintain a healthy, steady and good market order.

A steady and benign market is in line with the common interests of both the regulator and market entities, and requires joint efforts from all parties involved, he said.