China's cross-border capital flows will remain stable - regulator

BEIJING, Nov 16 (Reuters) - China's cross-border capital flows remained basically balanced in October and will continue to be stable, the country's foreign exchange regulator said on Thursday.

China's commercial banks purchased a net $2.8 billion of foreign exchange in October, compared with a net purchase of $0.300 billion in September, the State Administration of Foreign Exchange (SAFE) announced on its website earlier in the day. (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)