综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Markets

Forex funds rebound over stronger trade, yuan

(Xinhua) Updated: 2013-01-16 13:48

BEIJING - China's yuan funds outstanding for foreign exchange in domestic financial institutions returned to growth in December as the country's trade surplus widened and its currency continued to strengthen.

The funds increased by 134.6 billion yuan ($21.5 billion) in December to bring the total to 25.85 trillion yuan, latest figures from the People's Bank of China showed.

The growth followed a drop of 73.6 billion yuan in November and was faster than a monthly rise of 130.68 billion yuan in September and 21.63 billion yuan in October.

Analysts attributed the rebound to the country's improving trade and the yuan's appreciation against the greenback, which made more enterprises sell foreign currency for yuan.

China's trade surplus surged 61 percent year-on-year to $31.6 billion in December 2012, according to customs figures.

The yuan strengthened to a central parity rate of 6.2855 against the US dollar from 6.2908 in December.

Chinese individuals and institutions exchanged $136.6 billion in foreign currency for yuan through Chinese banks while buying $118.1 billion in foreign currency from financial institutions in November 2012, according to data from the State Administration of Foreign Exchange (SAFE).

This resulted in a foreign exchange surplus of $18.5 billion in November, widening from the $7.8 billion surplus registered in October, the SAFE figures indicated.

The amount of yuan funds outstanding for foreign exchange decides the amount of yuan funds that the central bank has to inject into the domestic market, as the yuan remains inconvertible under the capital account.

China's funds outstanding for foreign exchange have undergone fluctuations this year due to uncertainties in the global financial market. The figure declined in July and August before two monthly rises in September and October.

 

Related Readings

Office established to handle forex reserve loans

What's behind China's slowing forex reserves?

Forex regulator dismisses hot money inflow concerns

China's slowing forex reserves growth 'desirable'

China suspends forex services to over 1,500 companies

 

Hot Topics

Editor's Picks
...
犍为县| 曲沃县| 怀仁县| 永州市| 乐陵市| 桂林市| 沈阳市| 柘城县| 花莲市| 茶陵县| 海丰县| 遵义县| 临猗县| 林口县| 寿阳县| 加查县| 河曲县| 上虞市| 凤翔县| 长子县| 双柏县| 五指山市| 绵阳市| 建昌县| 安吉县| 福泉市| 孝义市| 沂南县| 封丘县| 罗定市| 贵定县| 左贡县| 新密市| 资阳市| 怀化市| 凤翔县| 怀来县| 鲁甸县| 河间市| 宣城市| 大丰市|