BEIJING (Reuters) -China’s foreign exchange regulator said on Tuesday that it has not seen “irrational” trading activities for now.
Li Bin, the deputy head of the State Administration of Foreign Exchange (SAFE), said that the yuan has been trading basically stable at reasonable and balanced levels so far this year.
Overseas investors in general have increased their net holdings of onshore equities and bonds in the second quarter of this year, Li told a press conference in Beijing.
He added that supply and demand in the foreign exchange market are basically stable.
(Reporting by Beijing Newsroom; Editing by Christian Schmollinger)
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