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CHINA PRESS: Cross-border Receipts And Payments Maintain A Surplus

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Banks executed cross-border receipts and payments totalling USD608 billion and USD635 billion on behalf of customers in January, according to State Administration of Foreign Exchange data. However, the figure turned into a surplus by late January. The net cross-border capital inflow under the goods trade reached a record high of USD70 billion, while foreign investors net purchased yuan bonds, SAFE reported. In January, banks' foreign exchange settlement and sales amounted to USD181 billion and USD226 billion, SAFE added. (Source: Securities Times)

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Banks executed cross-border receipts and payments totalling USD608 billion and USD635 billion on behalf of customers in January, according to State Administration of Foreign Exchange data. However, the figure turned into a surplus by late January. The net cross-border capital inflow under the goods trade reached a record high of USD70 billion, while foreign investors net purchased yuan bonds, SAFE reported. In January, banks' foreign exchange settlement and sales amounted to USD181 billion and USD226 billion, SAFE added. (Source: Securities Times)