Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Chinese banks log forex settlement surplus in January

February 22, 2021


Abstract : China's commercial banks saw a net forex settlement surplus of 264.4 billion yuan (about 40.8 billion U.S. dollars) in January, the country's forex regulator said on Saturday.

BEIJING, Feb. 20 (Xinhua) -- China's commercial banks saw a net forex settlement surplus of 264.4 billion yuan (about 40.8 billion U.S. dollars) in January, the country's forex regulator said on Saturday.

Forex purchases by banks stood at 1.29 trillion yuan last month, while sales came in at around 1.03 trillion yuan, data from the State Administration of Foreign Exchange (SAFE) showed.

The country's forex market was generally stable last month, said Wang Chunying, deputy director and spokesperson of SAFE, noting that sustained and steady domestic economic recovery and the two-way opening-up of the financial market have led to more active cross-border capital flows.

Looking ahead, China's forex market is expected to maintain steady operations, as the foundation for the country's sustained and healthy economic development remains unchanged despite a complex external environment and uncertainties in global economic recovery, said Wang. Enditem

Scan the QR code and push it to your mobile phone

Keyword: forex settlement surplus

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial