Chinese banks saw 23.7 billion U.S. dollars of net foreign exchange sales in April, down from March, official data showed Monday.
China's financial system is "largely stable" and foreign exchange reserves are "relatively abundant", the State Administration of Foreign Exchange (SAFE) said Saturday.
China will tighten management of cross-border cash withdrawals by UnionPay bank card holders to prevent money laundering.
China announced another modest easing of foreign exchange controls Monday, allowing offshore investment and financing through special purpose entities (SPEs).