China FX regulator expects cross-border capital flows to remain stable

China`s forex regulator said on Wednesday that it expects cross-border capital flows to remain stable in the future.

Capital flows in July continued to be basically balanced, the State Administration of Foreign Exchange said.

China`s commercial banks sold a net $15.5 billion of foreign exchange in July, compared with a net sale of $20.9 billion in June, the SAFE said earlier.

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