May 17, 2017 / 8:16 AM / 2 months ago

China cross-border capital flows kept good momentum in April: FX regulator

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FILE PHOTO: An advertisement poster promoting China's renminbi (RMB) or yuan , U.S. dollar and Euro exchange services is seen outside at foreign exchange store in Hong Kong, China August 13, 2015.Tyrone Siu/File Photo

BEIJING (Reuters) - China's cross-border capital flows in April maintained good momentum, the country's forex regulator said in a statement on Wednesday.

Foreign exchange purchased by individuals was at the lowest level in nearly one-and-a-half years, it added.

The online statement came after data from the State Administration of Foreign Exchange (SAFE) showed commercial bank net sales of $14.9 billion foreign exchange in April.

Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger

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