Economy

In October, China's cross-border capital flow remained within a reasonable range

2022-11-17   

According to data released by the State Administration of Foreign Exchange on the 15th, China's cross-border capital flow remained within a reasonable range in October, and projects such as goods trade and foreign direct investment continued to play a fundamental role in stabilizing capital inflows. From the data, in October, the cross-border funds related to current account showed a certain scale of net inflow, with a year-on-year growth of 43%. Among them, the net inflow of cross-border funds under trade in goods was 32.9 billion US dollars, up 19% year on year. Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesman, said that the net inflow of foreign direct investment capital was maintained, and foreign investment in the domestic bond market continued to recover, indicating that foreign investors' willingness to invest in China for a long time and allocate RMB assets was generally stable. "The end of the year is generally a period of intensive collection by China's export enterprises and investment layout by foreign-funded enterprises. The inflow of relevant cross-border funds tends to increase, further enhancing the supporting role of the foreign exchange market." Wang Chunying said. (Liu Xinshe)

Edit:Yi Bin Responsible editor:Li Bin Wei

Source:Xin Hua news

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