comScoreTag

China's commercial banks' net forex sales $20.1 bln in October

China's commercial banks' net forex sales $20.1 bln in October

BEIJING, Nov 18 (Reuters) - China's commercial banks sold a net $20.1 billion of foreign exchange in October settlements, the foreign exchange regulator said on Wednesday, compared with $109.2 billion in September.

Capital outflows eased in October as the domestic stock market recovered after a crash over the summer although concerns remain over China's economic slowdown.

In January-October, commercial banks had net foreign exchange sales of $321.6 billion, the regulator said on its website. (Reporting by Sue-Lin Wong; Editing by Sam Holmes)

Look out for further updates on our Facebook fan page!

Related Articles

More