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2019-11-19 07:27:50

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  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  Capital outflows ease in H1: SAFE#标题分割#GovernmentstillsupportslegaloutboundinvestmentChina'scross-bordercapitalflowswerestableandbalancedinthefirsthalfofthisyear,"thebestphaseinnearlythreeyears,"whileindividualsdevelopedanincreasedawarenessofhowtouseforeigncurrencylegally,theStateAdministrationofForeignExchange(SAFE)announcedatapressconferenceonThursday.Domesticindividuals'desiretoholdforeigncurrencyhasbeendecreasingingeneral.Inthefirsthalfof2017,individualpurchasesofforeigncurrencyslumpedby4percentyear-on-year,comparedwith14percentgrowthinthesameperiodlastyear,WangChunying,aspokespersonoftheSAFE,saidattheconference.Wangdidn'tdisclosetheexactamountofforeigncurrencypurchasedbyindividualsduringtheperiod.Domesticresidents'foreigncurrencyholdingsfell.7billionyear-on-yearinthefirstsixmonthsthisyear,Wangsaid.LiuXuezhi,asenioranalystatBankofCommunications,saidthatthefiguresshowedtheeffortsofthegovernment'sintensifiedmanagementofthecurrentaccountinrecentmonths.Thecurrentaccountincludesthebalanceoftradeandnettransferpaymentslikethoseinvolvingtourism."Somepeopletransferredmoneyabroadtoengageinoverseasinvestment(inearlierperiods),whichincreasedthepressureofcapitaloutflows.Butthisphenomenoneasedalotafterthegovernmentlaunchedaguidelineinearly2017thatbannedindividualsfromacquiringforeigncurrencytobuypropertiesorinvestinsecuritiesonoffshoremarkets,"LiutoldtheGlobalTimesonThursday.Inthefirstsixmonthsof2017,domesticbankssoldforeignexchangeworth5.95trillionyuan(9billion)andbought5.31trillionyuanworthofforeigncurrency.Chinesebanks'netforeignexchangesettlementdeficitreached.8billion,down46percentonayearlybasis,accordingtodatarevealedbyWangfromtheSAFE.Thesupply-demandbalanceintheforeigncurrencymarkethelpedChina'sforeigncurrencyreservestocontinuerising.AsoftheendofJune,reservesreached.06trillion,up.3billioncomparedwiththeendof2016.Itwasthefifthconsecutivemonthlygaininthereserves.Wangsaidthatcapitaloutflowsvianon-bankinginstitutionsdecreasedalot,whichmeansthatChinahascontinuedtoemergefromthe"shadows"involvingcapitaloutflowsthathoveredoverthenationaround2016.ZhouYu,directoroftheResearchCenterofInternationalFinanceattheShanghaiAcademyofSocialSciences,saidthatapartfromgovernmentmanagement,otherfactorsliketheweakeningdollarandtheimprovingdomesticeconomyhavealsohelpedstabilizetheforeigncurrencymarket.TheUSDollarIndexhaddroppedfrom102attheendof2016to95asof5:56pmBeijingtimeonThursday.China'sGDPgrew6.9percentinthefirsthalfof2017,comparedwith6.8percentgrowthinthefourthquarterof2016."ButIdon'tthinkthatwecancompletelyletourguarddownaboutfuturecapitaloutflows,becausethedollarmightstrengthenagainandtheimpactoftheslumpingrealestatesectoronthedomesticeconomymightbecomeevidentlaterthisyear,"ZhoutoldtheGlobalTimesonThursday.Liusaidthat"instabilityfactors"inChina'sforeigncurrencymarket,suchasdomesticeconomicinstabilityorexternalpressurefromastrongerdollar,aredecreasingandtheforeigncurrencysituationwillimprovefurther.WangnotedthattheSAFE'spolicyinvolvingcurrencymovementshasbeenconsistent,anditwillinsistuponsupportinglegaloutbounddirectinvestmentandpromotingtheconvenienceofoverseastradeandinvestmentwhilebeingalerttopossibleinvestmentrisks.AccordingtoLiu,thegovernmentshouldconsidereasingitsgriponforeigncurrencymanagement,sincethepressureofcapitaloutflowshaseased.Healsosaidthatmeasuresshouldbetakentowardreformsinvolvingthecapitalaccountsuchasspeedingupthebondconnectprogram.  

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