App

Chinese banks log forex settlement surplus in H1
Updated: July 22, 2022 14:33 Xinhua

BEIJING — China's commercial banks reported a net forex settlement surplus of 545.2 billion yuan (about $85.2 billion) in the first half of the year (H1), the country's forex regulator said on July 22.

Forex purchases by banks stood at 8.6 trillion yuan, while sales reached about 8.1 trillion yuan, data from the State Administration of Foreign Exchange showed.

China's forex market demonstrated stronger resilience in the past six months amid the lingering pandemic and weaker global economic outlook, Wang Chunying, deputy director and spokesperson of the administration, said at a press conference.

She said that China has maintained a relatively stable RMB exchange rate and steady cross-border capital flows during the period.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218