Outflows of capital 'normal'

Chinese individuals hold foreign currency in anticipation of the depreciation of the yuan

Chinese enterprises and individuals are willing to hold foreign currency in anticipation of the depreciation of the yuan, but the top regulator said that does not equal a massive capital flight.

Statistics released by the State Administration of Foreign Exchange on Thursday showed China's commercial banks sold a net 729.6 billion yuan ($114.9 billion) of foreign exchange on behalf of clients in September, cooling from August's 807 billion yuan but still the second highest this year.