State Administration of Foreign Exchange

Chinese banks log forex settlement surplus in November

December 24, 2021 by Roman Ahmed

BEIJING — China’s commercial banks saw a net forex settlement surplus of 160.9 billion yuan (about 25.26 billion U.S. dollars) in November, the country’s forex regulator said Friday. Forex purchases by banks reached around 1.51 trillion yuan, while sales stood at nearly 1.35 trillion yuan, data from the State Administration of Foreign Exchange shows. In … Read more

China’s forex market turnover reaches 17.31 trillion yuan in October

November 27, 2021 by Roman Ahmed

BEIJING: China’s foreign exchange market recorded a total transaction of 17.31 trillion yuan, equivalent to $2.7 trillion, in October, official data showed on Saturday. Specifically, the transaction volume of the client market totalled 2.54 trillion yuan last month, while that of the interbank market was 14.76 trillion yuan, according to the State Administration of Foreign … Read more

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