1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Chinese banks see forex surplus for 7 months

      2013-04-19 10:13 Xinhua     Web Editor: qindexing comment

      China's foreign exchange regulator said Thursday that Chinese banks bought more foreign currency from clients than they sold in March, marking a foreign exchange surplus from bank-to-client transactions for a seventh consecutive month.

      Individuals and institutions exchanged 152.2 billion U.S. dollars in foreign currency for yuan through Chinese banks while buying 107.6 billion U.S. dollars in foreign currency from financial institutions in March, data from the State Administration of Foreign Exchange (SAFE) show.

      The banks' March foreign exchange surplus, which stood at 44.6 billion U.S. dollars, was almost unchanged from the February figure and down from 92.6 billion U.S. dollars in January.

      It was the seventh straight month for Chinese lenders to see a foreign exchange surplus, according to SAFE data.

      Ding Zhijie, head of the School of Banking and Finance at the University of International Business and Economics (UIBE), said enterprises and institutions have been selling foreign exchange on hand since market expectations for the yuan to appreciate surged again in September.

      Bank-to-client foreign exchange transactions are a source of fluctuations in China's foreign exchange reserve, but the figures are not equated with foreign exchange reserve data, analysts said.

      On April 11, the central bank announced that China's outstanding foreign exchange reserves stood at 3.44 trillion U.S. dollars at the end of March, up 130 billion U.S. dollars from that of the end of last year. The quarterly growth was equivalent to the full-year growth in 2012.

      Zhao Qingming, a senior analyst with China Construction Bank, said that due to China's strict control over the capital account, some international capital has flowed into or out of the country through trade or current account items.

      Those capital flows may assume certain characteristics of arbitrage, but are not technically so-called "hot money," according to Zhao.

      Such capital flows, which are greatly affected by trends in foreign exchange rates, will not enter the capital market on a large scale to push up asset value, Zhao said.

      Beijing Normal University professor Cai Hongbo said the Chinese yuan has limited room for further appreciation in the short term, warning of volatility in the financial market caused by reversed market expectations for the yuan to devaluate.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲成av人在片观看| 最近中文字幕高清免费中文字幕mv| 亚洲av无码国产精品色在线看不卡| 亚洲国产电影在线观看| 99精品热线在线观看免费视频| 国产午夜亚洲不卡| 国产免费一级高清淫曰本片| 亚洲熟伦熟女新五十路熟妇| 永久免费无码网站在线观看个| 又大又粗又爽a级毛片免费看| 亚洲国产一成人久久精品| 中文字幕免费在线视频| 亚洲永久精品ww47| 免费看一区二区三区四区| 亚洲免费在线播放| 日本h在线精品免费观看| 亚洲一区二区三区无码国产| 国产精品永久免费视频| 久久激情亚洲精品无码?V| 中国极品美軳免费观看| 亚洲一区二区三区电影| 99热在线精品免费全部my| 亚洲va国产va天堂va久久| 亚洲国产成人手机在线观看| 免费国产叼嘿视频大全网站| 亚洲一区二区在线视频| 国产99视频精品免费观看7| 亚洲成a∧人片在线观看无码| 亚洲男人av香蕉爽爽爽爽| a级特黄毛片免费观看| 亚洲国产成人精品久久| 免费的一级片网站| 亚洲图片激情小说| 在线观看的免费网站无遮挡| 自拍日韩亚洲一区在线| 亚洲高清免费视频| 国产成人免费高清激情明星| 国产成人亚洲午夜电影| 亚洲Av永久无码精品三区在线| 无码国产精品久久一区免费| 无码免费又爽又高潮喷水的视频|