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Chinese banks log forex settlement surplus in November

December 27, 2021


Abstract : China's commercial banks saw a net forex settlement surplus of 160.9 billion yuan (about 25.26 billion U.S. dollars) in November, the country's forex regulator said Friday.

Photo taken on Jan. 14, 2021 shows a night view of Lujiazui in Pudong of east China's Shanghai Municipality. (Xinhua/Fang Zhe)

BEIJING, Dec. 24 (Xinhua) -- China's commercial banks saw a net forex settlement surplus of 160.9 billion yuan (about 25.26 billion U.S. dollars) in November, the country's forex regulator said Friday.

Forex purchases by banks reached around 1.51 trillion yuan, while sales stood at nearly 1.35 trillion yuan, data from the State Administration of Foreign Exchange shows.

In the first 11 months of the year, China's commercial banks reported a net forex settlement surplus of 1.43 trillion yuan.

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Keyword: forex settlement surplus

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