Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:40, October 18, 2005
Balance of China's forex reserve reaches US$769bln
font size    

The 3rd quarter financial operation report released by the People's Bank of China (PBC) on October 14 reveals that the balance of the country's foreign exchange reserve reached US$769 billion at the end of September, US$159.1 billion more than early this year, and an increase of US$47.8 billion year on year. The exchange rate of RMB (people's currency) was 8.093 yuan against one US dollar.

At the end of September, the balance of domestic and foreign currency saving deposits in all financial institutions came to 29.3 trillion yuan, a year-on-year increase of 18 percent, of which, the balance of RMB deposits stood at 28 trillion yuan, up 19.1 percent. At the end of September, the balance of home and foreign currency loans in all financial institutions amounted to 20.3 trillion yuan, up 13.5 percent. Of which, the balance of RMB loans touched 19.1 trillion yuan, up 13.8 percent.

By People's Daily Online


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- China has no plan to use forex on oil stockpile: official

- Asia Forex forum opens in Shanghai

- RMB appreciated by 0.23 percent since forex reform

- Former German Chancellor "confident" in China's prudent forex policy

- Forex savings drop by US$592m in July


Online marketplace of Manufacturers & Wholesalers
 
Copyright by People's Daily Online, all rights reserved