Mar 30 - PBOC’s Foreign Exchange Reserves at CNY 23.48 Trillion in Feb.

Source: People's Bank of China, ChinaScope Financial (Data)

+       The PBOC’s foreign exchange reserves increased CNY 175.04 billion to CNY 23.41 trillion in January, and further increased CNY 63.05 billion to CNY 23.48 trillion in February.

+       The PBOC has suspended the issuance of central bills for 13 consecutive weeks and uses repurchase agreements to regulate market liquidity.

+       In the past week, PBOC has injected a net capital of CNY 19 billion through open market operations.

Amidst decrease in FDI, hot money inflow and trade surplus, the growth of PBOC’s foreign reserves holdings slowed down in the latter part of 2011.

Other News Headlines:

n PBOC’s Foreign Exchange Reserves at CNY 23.48 Trillion in Feb.

n Net Profit of Five State-Owned Banks at CNY 674.5 Billion in 2011, Up 25% YoY

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n 45 Land Plots in Beijing Sold at Starting Price in Q1

n Tsingtao Brewery: Net Profit CNY 1.74 Billion in 2011, 14.3% Growth

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