China FX regulator expects cross-border capital flows to remain stable

BEIJING (Reuters) - China's forex regulator said on Wednesday that it expects cross-border capital flows to remain stable in the future.

Capital flows in July continued to be basically balanced, the State Administration of Foreign Exchange said.

China's commercial banks sold a net $15.5 billion of foreign exchange in July, compared with a net sale of $20.9 billion in June, the SAFE said earlier.

(Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)