日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Forex purchases rise for 3rd straight month

By WEI TIAN in Beijing and YU RAN in Shanghai | China Daily | Updated: 2013-04-12 01:03

Forex purchases rise for 3rd straight month

An Industrial and Commercial Bank of China Ltd outlet in Shanghai. China's financial institutions added 295.4 billion yuan ($47.67 billion) in the purchase of foreign exchange in February. Provided to China Daily

Economists expect central bank to control capital flows, drain liquidity

Foreign exchange purchases grew for the third consecutive month in February, releasing liquidity while adding pressure to authorities' selection of monetary policy.

China's financial institutions added 295.4 billion yuan ($47.67 billion) in the purchase of foreign exchange, after the figure recorded a historic high in January of 683.7 billion yuan, according to the latest figures from the People's Bank of China.

As of the end of February, Chinese financial institutions' total yuan funds outstanding for foreign exchange amounted to 26.83 trillion yuan.

The surprise increase came amid expectation of a rising yuan as the world's second-largest economy gradually recovers, as well as the developing countries launching a new round of quantitative easing.

Analysts attributed the continual increases to companies' willingness to hold assets in yuan as its value has risen. On Wednesday, the yuan hit a record high against the US dollar.

"The capital inflow and China's widening trade surplus in the first quarter are the major reasons for the yuan's appreciation pressures," said Wang Tao, chief economist with UBS Securities.

Although the February figure was much less than January's, Xie Yaxuan, head of macroeconomic research with China Merchant Securities, said the figure is still large, especially for a month that has fewer workdays than usual.

"Taking into consideration the trade deficit in March and a strong appreciating momentum of the yuan, there might be an arbitrage fund in the inflow of international capital," he said.

Xie Dongming, an economist in treasury research and strategy and global treasury at OCBC Bank, said: "The rise in foreign exchange purchase in February can be recognized as a global development of the RMB, especially with the offshore trading system getting more mature with an increase in cross-border deals.

"The arbitrage behavior is hard to eliminate, but the central government probably will release certain policies to control the capital flows appropriately," he said.

Xie added that foreign exchange purchase won't stay so high under the trade deficit reported in March.

Previous Page 1 2 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日韩欧美在线看 | 久久久久久久久久免费视频 | 99久久99久久精品免费 | 深夜成人福利视频 | 精品久久网站 | 黄色片在线免费观看视频 | 1区2区3区视频 | 超碰97在线免费观看 | 精品九九九 | 中文在线永久免费观看 | 国产女人高潮时对白 | 91国内在线视频 | aaa亚洲精品| 国产在线黄色 | 免费不卡毛片 | 日本精品视频在线播放 | 亚洲综合涩 | 国产jizz18女人高潮 | 一级美女视频 | 中文字幕久久精品 | 大香焦伊人 | 精品在线免费观看 | 91午夜剧场| 男人天堂网在线观看 | 精品黑人一区二区三区 | 亚欧乱色| 亚洲国产精品久久久久久久 | 免费一级片在线观看 | 四虎影视1304t| 成年免费视频黄网站在线观看 | 天干夜天干天天天爽视频 | 五月中文字幕 | 国产精品地址 | 97超碰国产在线 | 在线看91 | 精品中文一区 | 国产精品视频 | 超91在线 | 日本黄色大片免费看 | 亚洲一区精品在线观看 | 免费看的黄色网 |