More from China's SAFE – expects foreign investors to keep buying yuan-denominated assets

<p>Earlier from the State Administration of Foreign Exchange (SAFE), China's FX regulator:</p><ul><li><a href="https://www.forexlive.com/centralbank/chinas-fx-regulator-says-commercial-banks-bought-83bn-of-forex-in-june-vs-33bn-in-may-20230721/" target="_self" rel="follow">China's FX regulator says commercial banks bought $8.3bn of forex in June vs $3.3bn in May</a></li></ul><p>More now:</p><ul><li>
Will focus on preventing external risks</li><li>China's current
account appears relatively strong resilience</li><li>Trend of maintaining
reasonable current account surplus will not change</li><li>China's savings
ratio at relatively high level, helps current account maintaining
reasonable surplus</li><li>Foreign investors
net purchase $79 bln worth of onshore bonds, reversing net outflows
last year</li><li>Expects foreign
investors to continue buying yuan denominated assets</li><li>China's bond market
remains attractive</li><li>Sees room for stable
and sustainable growth for foreign investment in china's bond market</li></ul><p>USD/CNH update:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.