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China-Forex Purchase/H1
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. State Administration of Foreign Exchange (SAFE) building
Beijing, China - July 19, 2018 (CGTN - No access Chinese mainland)
2. SOUNDBITE (Chinese, dubbed in English) Wang Chunying, Director General, Balance of Payments Department, State Administration of Foreign Exchange:
"China's foreign currency receipts and payments balance shows a surplus in the first half of 2018, reversing the previous deficit. Meanwhile, China's foreign currency reserve dropped, compared with the beginning of 2018. This is mainly because of the fluctuation in exchange rate."
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of People's Bank of China (PBOC) headquarters
FILE: China - Date and Exact Location Unknown (CCTV - No access Chinese mainland)
4. Bank clerk working
5. Various of Chinese yuan banknotes going through cash counting machine
6. of Chinese yuan banknotes going through cash counting machine
7. Bundles of Chinese yuan, U.S. dollar banknotes on table
8. Various of U.S. dollar banknotes, euro banknotes being counted
FILE: Shanghai, China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
9. Various of buildings, pedestrians, traffic
Chinese commercial banks reported a net forex purchase in the first half of the year, the country's forex regulator said Thursday.
Chinese lenders bought 928.2 billion U.S. dollars' worth of foreign currencies and sold 914.4 billion U.S. dollars from January to June, resulting in a net purchase of 13.8 billion U.S. dollars, according to Wang Chunying, director general of the Balance of Payments Department of the State Administration of Foreign Exchange (SAFE).
"China's foreign currency receipts (sales) and payments (purchase) balance shows a surplus in the first half of 2018, reversing the previous deficit. Meanwhile, China's foreign currency reserve dropped, compared with the beginning of 2018. This is mainly because of the fluctuation in exchange rate," she said.
In the same period last year, the banks saw a net forex settlement deficit of 93.8 billion U.S. dollars, Wang said.
China-Forex Purchase/H1
Dateline : July 19, 2018/File
Location : Beijing,China
Duration : 1'19
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. State Administration of Foreign Exchange (SAFE) building
Beijing, China - July 19, 2018 (CGTN - No access Chinese mainland)
2. SOUNDBITE (Chinese, dubbed in English) Wang Chunying, Director General, Balance of Payments Department, State Administration of Foreign Exchange:
"China's foreign currency receipts and payments balance shows a surplus in the first half of 2018, reversing the previous deficit. Meanwhile, China's foreign currency reserve dropped, compared with the beginning of 2018. This is mainly because of the fluctuation in exchange rate."
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of People's Bank of China (PBOC) headquarters
FILE: China - Date and Exact Location Unknown (CCTV - No access Chinese mainland)
4. Bank clerk working
5. Various of Chinese yuan banknotes going through cash counting machine
6. of Chinese yuan banknotes going through cash counting machine
7. Bundles of Chinese yuan, U.S. dollar banknotes on table
8. Various of U.S. dollar banknotes, euro banknotes being counted
FILE: Shanghai, China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
9. Various of buildings, pedestrians, traffic
Chinese commercial banks reported a net forex purchase in the first half of the year, the country's forex regulator said Thursday.
Chinese lenders bought 928.2 billion U.S. dollars' worth of foreign currencies and sold 914.4 billion U.S. dollars from January to June, resulting in a net purchase of 13.8 billion U.S. dollars, according to Wang Chunying, director general of the Balance of Payments Department of the State Administration of Foreign Exchange (SAFE).
"China's foreign currency receipts (sales) and payments (purchase) balance shows a surplus in the first half of 2018, reversing the previous deficit. Meanwhile, China's foreign currency reserve dropped, compared with the beginning of 2018. This is mainly because of the fluctuation in exchange rate," she said.
In the same period last year, the banks saw a net forex settlement deficit of 93.8 billion U.S. dollars, Wang said.
ID : 8085784
Published : 2018-07-19 12:44
Last Modified : 2018-07-19 21:08:00
Source : China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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