Earlier from the State Administration of Foreign Exchange (SAFE), China’s FX regulator:
More now:
- Will focus on preventing external risks
- China’s current
account appears relatively strong resilience - Trend of maintaining
reasonable current account surplus will not change - China’s savings
ratio at relatively high level, helps current account maintaining
reasonable surplus - Foreign investors
net purchase $79 bln worth of onshore bonds, reversing net outflows
last year - Expects foreign
investors to continue buying yuan denominated assets - China’s bond market
remains attractive - Sees room for stable
and sustainable growth for foreign investment in china’s bond market
USD/CNH update:
This article was written by Eamonn Sheridan at www.forexlive.com. Source