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Banks are running safely and soundly with risk resistance improved and their capacity to serve the real economy strengthened, the CBRC said.
Backed by the Kazakh government, ERG has benefited from the Belt and Road Initiative, which connects Asia, Africa and Europe to a modern version of the ancient Silk Road.
Banks bought 5 billion worth of foreign currencies and sold 6.6 billion, resulting in net sales of .6 billion last month, according to the State Administration of Foreign Exchange.
Bai Ming, a senior research fellow with the Chinese Academy of International Trade and Economic Cooperation, said, "The global supply chain already risks fragmentation amid the COVID-19 pandemic, and the latest move from the US government would make things worse."
Bank of China Ltd posted a 5.21 percent year-on-year growth in profit attributable to equity holders of the bank in the first half of this year. [Photo/VCG]
来源：资阳报