News Column

May Newly-added Funds Outstanding for Forex Down 99%

July 8, 2014



BEIJING, July 8, SinoCast -- Newly-added funds outstanding for foreign exchange based on the central bank caliber hit only CNY 361 million in May, slumping 99% over a month earlier.

The balance of central bank caliber-based funds outstanding for foreign exchange hit CNY 27.299864 trillion by the end of May, adding CNY 361 million over the end of April, the 11th-month growth.

Newly-added funds outstanding for foreign exchange of financial institutions reached CNY 437.366 billion, CNY 128.246 billion, CNY 189.297 billion, CNY 116.921 billion and CNY 38.7 billion in the first five months of this year, respectively.


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Source: Sinocast Banking & Credit Beat (China)


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