China's central bank sees net forex sales in December

Source: Xinhua| 2018-01-15 17:30:16|Editor: Liangyu
Video PlayerClose

BEIJING, Jan. 15 (Xinhua) -- China's central bank saw net foreign exchange sales in December after three straight months of net purchases, official data showed Monday.

The People's Bank of China sold 36.3 billion yuan (about 4.6 billion U.S. dollars) worth of foreign exchange last month, the first net sales since the central bank recorded a net purchase for the first time in nearly two years in September.

As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country, adding funds to the money market.

Such funds are an important indicator of cross-border foreign capital flows and domestic yuan liquidity. An increase in the funds usually signals eased capital flight pressure, while a decrease often means capital flight pressure.

China's foreign exchange reserves rose for the 11th month in a row to 3.14 trillion U.S. dollars at the end of December.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001368971241
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
久久亚洲精品永久网站 | 亚洲中文乱码免费一区二区三区 | 亚洲欧美激情国产一区二区 | 日韩免费码中文在线观看 | 欧美日本亚欧在线观看 | 日韩精品一区二区三区蜜桃视频 |