BEIJING, Sept. 30 (Xinhua) -- Global institutions are still seen to have relatively strong willingness to purchase Renminbi-denominated assets in the long run, reported Xinhua Finance citing Wang Chunying, deputy head and spokesperson with the State Administration of Foreign Exchange (SAFE) on Thursday.
Wang made the remarks when talking about China's balance of payments since the start of 2022, saying that cross-border two-way investments are likely to be more balanced in the future.
Currently, the third quarter balance of payments data is still being calculated but relevant statistics pointed to a certain amount of surplus in basic international payments and receipts, according to Wang.
In the first half of this year, direct investment flows resulted in a surplus of 74 billion U.S. dollars for China. Together with the 166.4 billion U.S. dollars of current account surplus, the two indicators grossed 240.4 billion U.S. dollars, up three percent year on year and playing an effective role in balancing cross-border capital flows and stabilizing the fundamental of foreign exchange market.
In the third quarter, China's balance of payments remained stable. From July to August, China's actually-utilized foreign investment rose 14 percent year on year, hinting steady performances of mid- and long-term investment channels under the capital account and cross-border capital flows have also remained stable for China in September.
In future, direct investment flows are likely to remain in surplus as the constantly improving domestic business environment and giant consumption market will continue to attract foreign investors to invest in China.
At the same time, China's outbound investments are expected to maintain reasonable and continue orderly development and RMB-denominated assets boast stable returns and value for investment diversification for global investors. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
