BEIJING, Sept. 15 (Xinhua) -- China's commercial banks reported a net forex settlement surplus of 25 billion U.S. dollars in August, the country's
BEIJING, Sept. 15 (Xinhua) — China’s commercial banks reported a net forex settlement surplus of 25 billion U.S. dollars in August, the country’s forex regulator said Thursday.
Forex purchases by banks stood at 233.5 billion dollars, while sales reached about 208.4 billion dollars, data from the State Administration of Foreign Exchange shows.
China’s foreign exchange market has shown strong resilience, with banks’ net forex settlement surplus last month higher than the average monthly level since the beginning of this year, said Wang Chunying, deputy director and spokesperson of the administration.
The official also underlined stable market expectations, as well as rational and orderly trading in the foreign exchange market. ■
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