Financials Nov 20, 2020 05:52 PM (GMT+8) · EqualOcean
Wang Chunying, deputy director of the State Administration of foreign exchange and a spokesman for the State Administration of foreign exchange, said on Friday that China's foreign exchange market operated smoothly in October and the market expectations were generally rational. The rational trading mode of "settlement of foreign exchange at high price and purchase of foreign exchange on bargain" is presented by market entities, and the exchange rate expectation remains stable. The net inflow of cross-border funds from enterprises, individuals and other non banking sectors was US $25.1 billion, and the balance of foreign exchange reserves was US $3128 billion, basically stable.

Source: 财联社