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Chinese banks report net forex sales in 2017

Xinhua | Updated: 2018-01-18 10:55
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An employee counts dollars at a bank in Qionghai, South China's Hainan province. [Photo/VCG]

BEIJING — China's commercial banks recorded net foreign exchange sales in 2017, the country's forex regulator said Thursday.

Commercial banks bought $1.6441 trillion worth of foreign currencies and sold $1.7557 trillion last year, resulting in net sales of $111.6 billion, according to the State Administration of Foreign Exchange (SAFE).

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