Press "Enter" to skip to content

China banks’ net foreign exchange sales narrow sharply in July despite weakening yuan

Net foreign exchanges sales by Chinese commercial banks narrowed sharply in July, signalling easing capital outflows despite acute depreciation pressure on the Chinese yuan.

Chinese banks sold a net of $6.1 billion of foreign exchange in July, 68 per cent lower than a month earlier, $3.3 billion down from the same period last year, shows latest data released by the State Administration of Foreign Exchanges. In particular, banks . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Original and in-depth reporting on China's economy and financial markets
  • Details, data and perspectives you don't read elsewhere
  • Daily Brief newsletters to get you prepared for every trading day
  • Weekly updates on China's financial markets - stocks, bonds, the yuan and commodities
  • Interviews and discussions on topics you should never miss!

 

Already have an account? Sign In

Top