19 April 2019

Yuan funds for foreign exchange rise for 2nd month, report says

Yuan funds outstanding for foreign exchange rose for a second month in September in China, indicating the country is seeing more capital inflow, Xinhua news agency reported Monday, citing data released by the People’s Bank of China the same day. Total yuan funds outstanding for foreign exchange reached 27.5 trillion yuan (US$4.5 trillion) at the end of September, up 126.4 billion yuan from August, the report said. The funds, a major indicator of international capital movement into or out of China, had declined in both June and July, raising concerns of capital outflow. The stabilization of the nation’s economy is believed to be a major reason behind the latest increase.

– Contact HKEJ at [email protected]


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