22 September 2018

China records surplus in Oct bank forex transactions, paper says

Foreign exchange settlement of Chinese banks amounted to US$155.9 billion in October while sales stood at US$119.9 billion, leading to a US$36 billion surplus, the China Securities Journal reported over the weekend, citing the State Administration of Foreign Exchange. It marked the third straight month that the country recorded surplus in bank foreign exchange transactions, pointing to accelerated capital inflows, the report said.

– Contact HKEJ at [email protected]



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