综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Chinese banks see first net forex purchase in more than 2 years

Xinhua | Updated: 2017-10-19 18:05
Share
Share - WeChat

BEIJING - Chinese banks saw a net foreign exchange purchase of $300 million in September, the first settlement surplus in more than two years as cross-border capital flows stabilized, official data showed Thursday.

Chinese lenders bought $156 billion' worth of foreign currency last month and sold $155.7 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.

The data broke a deficit sequence that had been running for over two years.

In the first three quarters, Chinese banks bought $1.2 trillion' worth of foreign currency and sold $1.31 trillion, resulting in a net sales of $112.9 billion.

The amount marked a 54-percent drop from the deficit seen in the same period last year, and showed that supply and demand in the forex market was "basically" balanced, the SAFE said.

Businesses and individuals have become less willing to hold foreign currency, the regulator said.

Given China's sound economic fundamentals, wider openness and more stable market expectations, cross-border capital flows will continue to be balanced and stable, the SAFE predicted.

Regarding the possible effect of US balance sheet reduction, the regulator said the move will not cause fundamental changes to cross-border capital flows.

There had been concerns over capital flowing out of the Chinese market in the second half of 2016, when the economy was facing downward pressure and the yuan was in the middle of a losing streak against the US dollar.

In January, China's forex reserves had plunged below $3 trillion, but as the economy stands on a firmer footing and the yuan continues to stabilize, the stockpile has increased steadily since February.

China's forex reserves rose for the eighth month in a row in September to $3.1085 trillion, its highest level since October of 2016.

Official data on Thursday showed China's economy continued steady expansion in the first three quarters of this year, with growth at 6.9 percent year-on-year, well above the government's annual target of 6.5 percent.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
库伦旗| 新兴县| 岢岚县| 普定县| 呼和浩特市| 阿图什市| 昌宁县| 封丘县| 叶城县| 涟源市| 维西| 广昌县| 蒙山县| 抚松县| 安塞县| 瑞丽市| 攀枝花市| 民乐县| 沈阳市| 南开区| 皮山县| 岳阳市| 时尚| 嘉峪关市| 六枝特区| 泗洪县| 会泽县| 阿克| 建德市| 黄石市| 门源| 延吉市| 根河市| 苏尼特右旗| 南充市| 晴隆县| 临海市| 青川县| 崇义县| 平定县| 南漳县|