皇冠体育app

- 皇冠体育app exchanged less foreign currency with the renminbi in July, resulting in smaller forex surplus for the month, 皇冠体育app's foreign exchange regulator said Friday.

Chinese institutions and individuals sold $153 billion in foreign currencies for 942 billion yuan in July, and bought $152 billion in foreign exchange from banks, according to data from the State Adstration of Foreign Exchange (SAFE), 皇冠体育app's forex regulator.

The net forex surplus, an indicator of the willingness to hold yuan-denominated assets, dropped to $1.2 billion in July from $15.4 billion in June.

Calculated by the yuan's central parity against the US dollar, the Chinese currency depreciated 0.24 percent in July.

Transactions in foreign currencies in 皇冠体育app weakened in July, as sales fell 1.5 percent from the previous month while purchases declined 8.6 percent, according to SAFE data.

皇冠体育app will sell 152.7 billion yuan worth of foreign currency more than the amount it buys through forex forward contracts.

The net forex surplus contributed to part of 皇冠体育app's foreign reserves.

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