China sees increased securities inflow in H1

The net inflow into China's stock market increased significantly year-on-year in the first half of the year, while the country's bond market has gradually resumed net inflow as cross-border capital flows stabilized, the State Administration of Foreign Exchange said on Friday.

China continued to attract a net inflow of foreign direct investment in the first half, with equity investment seeing a net inflow of $32.3 billion, SAFE said on Friday as it released the preliminary data of the country's balance of payments for the first half.

Wang Chunying, deputy head and spokeswoman for SAFE, said the country's trade surplus in goods reached $293.3 billion in the first half, marking the second-highest value for the same period on record.

The buoyant trade surplus has helped China's current account surplus stay within a reasonable and balanced range, which stood at $146.8 billion in the first half, accounting for 1.7 percent of the country's GDP, according to Wang.

The country's trade in services, however, registered a deficit of $102.1 billion in the first half, primarily due to deficits in travel and transportation.

The positive long-term outlook of China's economic fundamentals will continue to keep China's international payments generally well balanced, Wang said.