Dec 20 - Position for Foreign Exchange Purchases Continue to Decrease

Source: PBOC, ChinaScope Financial (Data)

+  The Central Bank yesterday announced that the gross position in foreign exchange purchases of Chinese banks decreased by RMB 27.9 billion from October to November. This is the second month in a row with negative growth, last month the reserves decreased by RMB 24.9 billion.

+  The Ministry of Commerce released data showing that realized foreign investments into China fell nearly 10% year-on-year in November, which contributed to the drop in the position for foreign exchange purchases.

+  Related Data: Net Change in Position of Forex Purchase, Total Deposits and Loans, FDI

Declining Forex Position and FDI

 

For more data on other financials, please visit www.chinascopefinancial.com

Other News Headlines

• Position for Foreign Exchange Purchases Continue to Decrease
• Growth of Electricity Consumption Slows Down in November
• More than 80% of Cities Experienced Decreases in Property Turnover Last Week
• China Unicom: 3.38 Million New 3G Users in November
• 21% Average Annual Growth of Logistics Sector
• Launch of Shanghai Liquor Trading Center to Boost Investment in Chinese Liquor

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us: newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here.