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China's net cross-border flows hit $40.7B in September
China experienced cross-border capital flows totaling $40.7 billion in September, a decrease of 35% compared to August, according to the National Foreign Exchange Administration. Both income and payments increased by 9%, while foreign exchange settlements and sales rose by 17%. Banks settled $294.2 billion and sold $238 billion during the month. In the first nine months of the year, settlements reached $2.38 trillion, while sales amounted to $1.98 trillion. The foreign exchange market remains stable despite global market fluctuations, with increasing demand for travel among Chinese citizens and foreign visitors, along with rising foreign investment in Chinese companies.
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