Off the wire
• Feature: Medical students learn life lesson from cadaver donors  • Ping'an Bank net profit rises 8 pct in Q1  • AFC Champions League standings  • Tokyo stocks climb in morning on oil price rebound, soft yen  • Chinese holiday-makers help drive record New Zealand visitor numbers  • China becomes top green bond issuer: Moody's  • Rio Olympic flame to stay outside stadium  • Feature: Colombians join in celebrations for UN Chinese Language Day  • New Zealand celebrates birthday of longest-reigning monarch  • China Hushen 300 index futures open mixed Thursday  
You are here: 　 Home

Chinese banks' forex sales rise mildly in March

Xinhua, April 21, 2016 Adjust font size:

Chinese banks saw 36.4 billion U.S. dollars of net foreign exchange sales in March, up slightly from February but still markedly lower than the previous two months, official data showed Thursday.

Chinese lenders bought 117.7 billion U.S. dollars' worth of foreign currency last month and sold 154 billion dollars, the State Administration of Foreign Exchange (SAFE) said in a statement.

The data marks the ninth-straight month of deficit and was higher than the 33.9 billion dollars recorded in February. However, it has narrowed from the 54.4 billion U.S. dollars seen in January and 89.4 billion U.S. dollars in December.

The figures shows that the pressure of cross-border capital outflows has been gradually eased, SAFE spokesperson Wang Chunying told a press conference on Thursday.

In the first quarter, banks registered 124.8 billion U.S. dollars of net forex sales, according to the SAFE. Endi