男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Macro

Net capital Q1 inflows 'positive'

By Jiang Xueqing (China Daily) Updated: 2014-04-25 06:57

Companies 'more willing' to hold foreign currency, SAFE reports

China had net capital inflows throughout the first quarter, although the surplus narrowed each month during the period, according to the State Administration of Foreign Exchange.

In the first quarter, domestic banks' foreign-exchange settlements totaled $516.8 billion and foreign-exchange sales reached $357.5 billion, yielding a surplus of $159.2 billion. That was up 57 percent from the previous year.

But the surplus fell to $40.2 billion in March from $45.7 billion in February and $73.3 billion in January.

Net capital Q1 inflows 'positive'
Chinese banks record monthly foreign capital inflow

Net capital Q1 inflows 'positive'
Yuan exchange rate's floating range widened? 
"Positive changes are taking place in terms of cross-border capital flows, although the current situation of net inflows continues," Guan Tao, who runs SAFE's balance-of-payments department, told reporters on Thursday in Beijing.

The "positive changes" mainly refer to Chinese companies' growing inclination to increase their foreign-currency holdings, he said.

In March, foreign-currency deposits increased by $14.4 billion, rising 3 percent from the average level of the previous two months. Guan didn't specify whether these were corporate or individual deposits, or both.

The government is aiming for "a balance of supply and demand for foreign exchange and hopes to improve macroeconomic regulation and control".

Guan said the country also aims to see companies reduce their currency mismatches and better handle the risks of cross-border capital flows. On Thursday, the yuan closed at 6.2489 to the dollar, down 113 basis points from Wednesday.

The depreciation of the yuan since mid-February has slowed down foreign-currency settlements by Chinese companies, which are waiting for signs of the currency's longer-term trend.

Li Wei, a Shanghai-based economist at Standard Chartered Plc, said the yuan's weakening is a temporary phenomenon and global investors' interest in the currency will continue to grow with its internationalization and the diversification of channels to use it.

"Investors believe that the yuan still has room for appreciation in the medium and long term. They also believe that China will continue to record a trade surplus and a capital-account surplus in the next two or three years," Li said.

"We estimate that the yuan will rise to 6.04 to the dollar by the end of this year." Guan said it's normal for the yuan to rise and fall against the dollar and that the exchange rate will become more flexible as market forces are given more emphasis.

"People should not overinterpret the current small adjustment of the exchange rate of the yuan against the dollar. Instead, they should pay more attention to the medium- and long-term prospects," he said.

Net capital Q1 inflows 'positive'

Net capital Q1 inflows 'positive'

Yuan among most-used currencies

Top 10 most-used currencies in the world 

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 台北县| 泽普县| 崇左市| 佛坪县| 台北县| 昌吉市| 海城市| 六枝特区| 东安县| 台中县| 克什克腾旗| 绥芬河市| 尼木县| 定结县| 子长县| 西和县| 龙胜| 榆社县| 东丽区| 彝良县| 宜良县| 寻乌县| 菏泽市| 绍兴市| 兴化市| 阜平县| 景宁| 延边| 宣恩县| 社旗县| 海阳市| 南皮县| 蒙自县| 吴江市| 东光县| 枣阳市| 七台河市| 武山县| 吐鲁番市| 碌曲县| 梧州市|