China Q2 2014: cross-border capital flow on a balanced track

Monday 28 July 2014 14:30 CET | News

Chinese cross-border capital flow recorded a balanced trend in Q2 2014, according to data on foreign currencies bought and sold by commercial banks, reports.

Guan Tao, head of the balance of payment division under the State Administration of Foreign Exchange, has informed that Chinese banks net forex purchases remained at USD 29 billion in the respective time frame, falling by 21% as compared with Q2 2013 and plunging 82% from Q1 2014.

In Q1 2014, Chinese banks registered USD 159.2 billion increase in net forex purchases, which represent the difference between foreign currency purchases and sales by commercial banks.

Check out our Cross-border Ecommerce Research section here for more info on specific ecommerce facts and figures, preferred payment methods, risk and fraud, as well as ecommerce legislation and regulation in China.

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Keywords: China, Q2, cross border, ecommerce, capital flow, balance, foreign currencies, commercial banks, payments division
Categories: Payments & Commerce
Countries: World
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