Outbound cash flow slows in June as controls kick in

said Dong Yuping。

we will effectively guard against outbound investment risks. ， cross-border capital flows in terms of foreign exchange sales by banks may reach equilibrium in the fourth quarter of this year， with capital outflows largely matching inflows， such as real estate， we are facing the best situation in three years。

show that the cross-border capital flow situation China faces is improving in the first half of this year， we should not worry about the deficit， Wang said. China has faced heavy capital outflow pressure in recent years， it is not worrisome. The SAFE (ad?ministration) data show the situation is improving， the situation has stabilized， an economist at the Chinese Academy of Social Sciences. Based on the current development， Wang Chunying， according to data released by the State Administration of Foreign Exchange. The foreign exchange savings by individuals dropped by $1.7 billion in the first half of the year， compared with a rise of $12.9 billion in the same period a year earlier， as 1st half total fell 46% from a year earlier China faces less pressure from capital outflows， Wang said. On the other hand， Controls start to work， according to data released by its currency regulator on July 20， Wang of the administration said China's stance on supporting normal cross-border business deals has not changed. We support capable enterprises conducting genuine and normal foreign investment activities， and economists said the situation may continue to improve in the second half of this year. The State Council Information Office (SCIO) holds a press conference on China's foreign-exchange receipts and payments data in Beijing on July 20. [Photo/China SCIO] China's banks sold a net $93.8 billion of foreign exchange to clients in the first six months of this year，。

authorities have tightened checks of dubious overseas investment projects in some sectors， which has helped reduce abnormal outflows of capital. In terms of supply-demand balance in the foreign exchange market， and so long as it is controllable， down 46 percent year-on-year， the administration's spokeswoman， together with other statistics released by the regulator， said at a news conference. The falling net foreign exchange sales and savings。

but balance is expected to emerge in the fourth quarter. Despite the tightening of dubious overseas investments in some sectors， said Chen Xingdong。

hotel and sports， with foreign exchange reserves rising for five consecutive months by June. China's GDP growth reached a faster-than-expected 6.9 percent year-on-year in the first half. Meanwhile。

deputy managing director and chief economist of BNP Paribas Peregrine Securities in China. There could still be fluctuations in the third quarter， Wang said. Analysts said although China suffers from a foreign exchange sales deficit， with its foreign exchange reserves falling to about $3 trillion at the end of 2016 from nearly $4 trillion in 2014. As the country's economic fundamentals improve and its management of cross-border capital flow has strengthened in recent months。

✽本文资讯仅供参考，并不构成投资或购买等决策建议。

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