China’s Securities Forex Inflows Hit Record in January
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China recorded a record surplus in foreign exchange settlements for securities investment in January, as net inflows more than doubled from the previous month, official data showed.
Net foreign exchange inflows through banks for securities investment reached $25.9 billion in January, the highest on record, according to figures released Friday by the State Administration of Foreign Exchange (SAFE).
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- Net foreign exchange inflows for securities investment in China hit a record $25.9 billion in January 2024, more than double the previous month.
- Banks posted a settlement surplus of $79.9 billion, with goods trade surplus at $76.1 billion and services trade deficit at $10.5 billion.
- The yuan strengthened past 7.0 per dollar in January as the CSI 300 Index rose 1.65%; direct investment continued net outflows.
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