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Chinese banks report net forex purchase in April

Xinhua
17 May 2022, 21:49 GMT+10

© Provided by Xinhua

BEIJING, May 17 (Xinhua) -- Chinese banks saw a net foreign exchange purchase last month, data from the country's forex regulator showed Tuesday.

Chinese lenders bought 229.7 billion U.S. dollars worth of foreign currencies and sold 210.6 billion dollars' worth in April. It resulted in a net purchase of 19 billion dollars, said the State Administration of Foreign Exchange.

"Given the complicated external and domestic environment, China has continued to witness a net inflow of cross-border capital," said Wang Chunying, the administration's deputy head.

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