www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

China posts first monthly forex transaction deficit

(Xinhua) Updated: 2014-09-16 16:24

China posts first monthly forex transaction deficit

Photo taken on March 16, 2014, shows yuan (central) and other currencies in the picture. [Photo/IC]

BEIJING -?Chinese bought more foreign currency than they sold in August, resulting in the first monthly deficit in foreign exchange transactions in 13 months, China's foreign exchange regulator said on Tuesday.

Chinese institutions and individuals bought $147.4 billion in foreign currency and sold $146.6 billion in exchange for 903.3 billion yuan last month, according to data from the State Administration of Foreign Exchange (SAFE), China's forex regulator.

The country's growing appetite for foreign currency led to a deficit of $800 million in foreign exchange transactions in the month.

The deficit was compared with a surplus of $1.2 billion in July, and the fluctuation in forex transactions contributed to changes in China's foreign reserves.

"The monthly deficit in forex transactions showed short-term capital inflow has slowed or even a capital outflow has appeared to some extent," said Cai Hongbo, an associate professor in economics and business administration with Beijing Normal University.

As people's expectation of the renminbi exchange rate has changed, the private sector seems more willing to hold foreign currency.

"However, we don't have to be worried about the monthly deficit in foreign exchange transactions because it's not the first time that China has recorded such deficits," Cai said, adding that two-way flow of cross-border capital will become normal as expectations are divided.

The latest data on foreign exchange transactions followed a surprising drop in China's funds outstanding for foreign exchange and a decline in foreign direct investment (FDI) for August.

Considered part of China's broad money supply, funds for foreign exchange stood at 29.5 trillion yuan ($4.79 trillion) at the end of August, down 31.2 billion yuan from a month ago, the central bank said on Monday.

Meanwhile, FDI into China's mainland dropped to $7.2 billion in August, down 14 percent from a year ago and its lowest volume in nearly five years, the Ministry of Commerce said on Tuesday morning.

Once carried out, Chinese companies and individuals' forex forward contracts are expected to bring Chinese banks 140.8 billion yuan in net forex purchases in the future.

In the first eight months, Chinese banks bought $1.26 trillion worth of foreign currency while selling $1.08 trillion worth of forex, with a net forex purchase worth $188.6 billion.

During the January-August period, banks took in $2.17 trillion on behalf of clients through their overseas businesses and paid $2.09 trillion to overseas accounts at clients' request.

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产一级毛片视频在线! | 国产91第一页 | 欧美一级特毛片 | 日本高清专区一区二无线 | 91青青国产在线观看免费 | 国产三级视频在线播放 | 一级国产交换配乱淫 | 成年性午夜免费视频网站不卡 | 国产高清精品久久久久久久 | 韩国一级黄色毛片 | 深夜福利亚洲 | 午夜伊人网 | 3级黄色 | 亚洲成人自拍网 | 欧美日韩美女 | 免费成人一级片 | 久久毛片网 | 亚洲人成亚洲精品 | 欧美成人高清性色生活 | 老外黑人欧美一级毛片 | 一级毛片中国 | 国产男女视频 | 一级做a爰全过程免费视频毛片 | 尤物蜜芽福利国产污在线观看 | 国产网站在线 | 国产欧美专区在线观看 | 美女网站免费观看视频 | 欧美大片无尺码在线观看 | 国产精品成人不卡在线观看 | 乱码一区 | 国产女人成人精品视频 | 免费一级α片在线观看 | 国产精品永久免费视频观看 | 日本成aⅴ人片日本伦 | 日本高清一本二本三本如色坊 | 永久免费91桃色福利 | 天天躁天天碰天天看 | 91寡妇天天综合久久影院 | 99久久精品国产片 | 日本69xxxxxxxxx69| 黄色不卡视频 |