Last Year's Fourth Quarter, A Record Of External Storage Increment.
In January 11th,
Central Bank
Published in 2010
Financial statistics
The report shows that as of the end of 2010,
State Foreign Exchange
The reserve balance was $28473 billion, up 18.7% over the same period last year.
Among them, the fourth quarter increased the foreign exchange reserves by US $199 billion 35 million, creating a new increase in the single quarter.
The analysis says that the influx of hot money is a factor.
In addition, the foreign reserves increased to $112 billion 596 million in October, a record high.
According to the China Securities Journal, the factors that support the rapid growth of foreign reserves are partly due to the recovery of China's foreign economic development, FDI, trade surplus, and so on. On the other hand, there is a possibility of foreign investment and investment.
Zhu Baoliang, chief economist of the Ministry of economic information of the state information center, said that the growth rate of 18.7% was slightly higher than that of the whole year.
He pointed out that in 2010, the growth rate of foreign capital utilization in China was not particularly prominent, and the growth rate of foreign exchange investment income was not high enough to estimate when the dollar continued to depreciate. Therefore, there are some unclear factors in the growth of foreign exchange reserves, which may be the influx of hot money.
Tan Yaling, Dean of China Foreign Exchange Investment Research Institute, believes that this growth rate is consistent with market expectations. The appreciation of the renminbi is expected to be an important factor in attracting foreign capital into China in the global financial crisis.
At the same time, because the degree of marketization of domestic financial market is not high and efficiency is insufficient, the utilization and digestion ability of foreign exchange reserve is limited.
The central bank data show that in the fourth quarter of last year, foreign exchange accounted for a total of 12530 billion yuan in financial institutions, of which 403 billion 300 million yuan was added to foreign exchange in December, excluding FDI and favorable balance of foreign trade.
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