Cross-border capital flows in China’s capital account show a stable and positive trend, said Zheng Wei, the Deputy Director of the State Administration of Foreign Exchange.
In the first half of the year, China saw a net inflow of foreign capital to the financial market, with an increased purchase of domestic stocks and bonds by foreign investors, he said.
China’s international balance of payments remained balanced in the first half, with the current account surplus reaching $146.8 billion, marking a historical high for the same period, accounting for 1.7% of the GDP, he said.
The PBOC will focus on enhancing the management model for the “pre-establishment national treatment + a negative list of foreign investment,” in order to build a systematic and institutionalized framework for opening up, said Jin Zhongxia, head of the international department at the PBOC.