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Chinese banks see net forex purchase in H1
From:ChinaDaily   |  2018-07-19 14:35

BEIJING - Chinese commercial banks reported a net forex purchase in the first half of the year, the country's forex regulator said Thursday.

Chinese lenders bought $928.2 billion worth of foreign currencies and sold $914.4 billion from January to June, resulting in a net purchase of $13.8 billion, according to Wang Chunying, spokesperson for the State Administration of Foreign Exchange (SAFE).

In the same period last year, the banks saw a net forex settlement deficit of $93.8 billion, Wang said.

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