China's foreign exchange market reports steady operations in May

BEIJING, (Xinhua) -- China's foreign exchange market saw stable operations in May, with a net inflow of cross-border capital, the State Administration of Foreign Exchange said on Tuesday.
Last month, China's non-banking sectors, including enterprises and individuals, recorded a net cross-border capital inflow of 33 billion U.S. dollars, according to data released by the administration.
The country's net inflow of cross-border capital from the trade of goods remained at a high level, while foreign investors increased their holdings of domestic stocks compared to the previous month, said Li Bin, deputy head of the administration.
Net capital outflows related to areas such as the trade of services and outbound direct investment remained generally stable, Li said.

 

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