So says China's Sate Administration for Foreign Exchange (SAFE)

  • China will face outflow pressure in 2016
  • guarding against cross-border flow is among regulator's main tasks this year
  • China will improve its monitoring system on cross-border flows
  • 37 out of 40 sub-items defined by IMF as capital and financial account items are at least partially convertible

The fine line between opening up markets and controlling them continues to trouble the Chinese.