Edition: English | 中文简体 | 中文繁体 Монгол
Homepage > Biz Video

China's capital outflow eases in the first three quarters

Reporter: Chen Lubing 丨 CCTV.com

10-21-2016 16:31 BJT

Turn to China's foreign exchange sector. The spokesperson of the State Administration of Foreign Exchange, Wang Chunying, said on Friday that the forex rate of renminbi is generally stable right now. 

According to Wang, Chinese banks saw a deficit of 1.6 trillion yuan, or more than 243 billion U.S. dollars in forex sales and purchases in the first three quarters 2016.

Meanwhile, the foreign related receipts and payments reported a deficit of 1.67 trillion yuan, or 254.3 billion U.S. dollars as well in the same period. 

SAFE explained that although the two figures were negative, capital outflows eased gradually in each quarter, especially in the second one of this year.

Based on the forex selling and purchasing rates, more Chinese companies were willing to have cross-boarder financing and unwilling to hold too much forex reserves.

Follow us on

  • Please scan the QR Code to follow us on Instagram

  • Please scan the QR Code to follow us on Wechat