Major capital flight in Q4 called unlikely

China's cross-border capital flows are expected to stabilize in the fourth quarter, and major capital flight is unlikely, because the country's economic fundamentals are strong, the nation's foreign exchange regulator said on Friday.

Chinese banks saw a net foreign exchange of $28.4 billion in September, up by $18.9 billion from August, according to the State Administration of Foreign Exchange. Net forex sales stood at $243.4 billion in the first three quarters.

Wang Chunying, spokeswoman for the administration, said seasonal factors play major roles.