Chinese banks' forex surplus hits $37.8b in Aug

Updated: 2011-09-28 17:18

(Xinhua)

  Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

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
)
Print Mail Large Medium  Small 分享按钮 0

BEIJING --  China's foreign exchange watchdog said on Sept 28 that Chinese banks' foreign exchange surplus from bank-to-client transactions reached $37.8 billion in August.

In August, institutional and individual clients sold $144.4 billion in foreign currencies to banks while purchasing $106.5 billion, the State Administration of Foreign Exchange (SAFE) said in an online statement.

From January to August, more foreign currencies were sold than purchased through Chinese banks, resulting in $354.8 billion of foreign exchange surplus during the period, the statement said.

Foreign exchange surpluses, which make up part of China's foreign exchange reserves along with current account surpluses and foreign direct investment inflow, do not include banks' own foreign exchange transactions or interbank transactions, according to SAFE.

Last year, foreign exchange surpluses created through Chinese banks' transactions with domestic clients increased 51 percent year-on-year to reach $397.7 billion, SAFE data showed.

Comments (English only) View Comments
Your name

Messages that harass,abuse or threaten others;have obscene or otherwise objectionable content;have commercial or advertising content or links may be removed.

Comments: ( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

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
)