The Chinese mainland's foreign exchange market witnessed a significant uptick in activity during the first three quarters of this year. Official data revealed that transactions amounted to a staggering $30.27 trillion, marking a 10.1 percent increase compared to the same period last year.
The State Administration of Foreign Exchange highlighted that cross-border capital flows have remained balanced since the beginning of the year, underscoring the market's stability. \"The foreign exchange market has demonstrated strong resilience,\" the administration stated during a press conference on Tuesday.
This growth signals continued confidence in the Chinese mainland's economic dynamics, attracting both domestic and international investors seeking opportunities in a stable financial environment.
Reference(s):
China's forex market transactions up 10.1% in first three quarters
cgtn.com
