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China's FX Market To Remain Stable-Official

CHINA PRESS
MNI (Singapore)

China’s foreign exchange market will continue to operate in a smooth manner, with domestic FX supply and demand remaining basically balanced, said Wang Chunying, deputy director of the State Administration of Foreign Exchange, according to a statement on the SAFE website issued late Monday. In July, the amount of cross-border receipts and payments by companies and individuals stood at USD514.3 billion and USD525.5 billion, respectively, representing a small deficit stemming from seasonal dividend distributions, said Wang.

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China’s foreign exchange market will continue to operate in a smooth manner, with domestic FX supply and demand remaining basically balanced, said Wang Chunying, deputy director of the State Administration of Foreign Exchange, according to a statement on the SAFE website issued late Monday. In July, the amount of cross-border receipts and payments by companies and individuals stood at USD514.3 billion and USD525.5 billion, respectively, representing a small deficit stemming from seasonal dividend distributions, said Wang.