China’s FX regulator is the State Administration of Foreign Exchange (SAFE). This earlier:

• Chinese commercial banks bought USD 5.9bn of FX in June vs. 1.5bn in May

SAFE following up with remarks:

• Companies’ cross border financing in H1 remains stable
• Size of fx derivative trading continues rising, FX reserves largely stable
• Yuan exchange rate prominently stable despite US Dollar strength
• International capital has been flowing out from emerging markets recently
• The influence and attractiveness of China’s bond market have risen significantly
• Volatility of china’s bond market far below other developed and emerging markets, shows relatively high stability
• Further opening up China’s bond market could improve resilience of FX market
• Confident overseas investors will continue to steadily increase investment in yuan denominated bonds

The statements are trying to convey SAFE is not overly concerned by the large outflow reported earlier. I suspect they’d not want that repeated or accelerated this month though. Capital outflow from China is not a CCP goal.