State Administration Of Foreign Exchange: In January, The Bank Posted A Surplus Of 447 Billion 500 Million Yuan.

According to the statistics of the "P > < a href=" http://www.91se91.com/news/index_cj.asp "> foreign exchange < /a > Administration, in January 2014, the bank settled 12412 yuan (equivalent to 203 billion 300 million US dollars), sold 793 billion 700 million yuan (equivalent 130 billion US dollars), and the sales surplus was 447 billion 500 million yuan (equivalent 73 billion 300 million US dollars).

Among them, the bank settled 12198 yuan in foreign exchange, sold 753 billion 900 million yuan in foreign exchange, and posted a surplus of 465 billion 800 million yuan in terms of foreign exchange settlement and sales. The bank settled itself in 21 billion 400 million yuan, sold 39 billion 700 million yuan in foreign exchange, and made a deficit of 18 billion 300 million yuan in foreign exchange settlement.

Over the same period, the long-term settlement of foreign exchange was signed by 270 billion 600 million yuan, 115 billion 800 million yuan in forward sales and 154 billion 800 million yuan in forward net settlement.

As of the end of this month, the total amount of the long-term accumulated settlement was 10002 billion yuan, and the foreign exchange sale was not 639 billion 600 million yuan, and the net settlement of foreign exchange was 360 billion 700 million yuan.

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< p > January 2014, domestic banks had 18746 yuan (RMB $307 billion 100 million) in foreign-related income and 16836 yuan (equivalent 275 billion 800 million US dollars) in foreign payments, and the foreign exchange receipts and payments amounted to 191 billion 100 million yuan (equivalent 31 billion 300 million US dollars).

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< p > appendix: nouns and related explanations < /p >

< p > balance of payments refers to all economic pactions between residents and non residents in China, including all financial pactions and physical pactions that cause changes in residents' and non resident private assets and liabilities.

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< p > foreign exchange settlement by banks refers to "a href=" http://www.91se91.com "> foreign exchange < /a > designated banks for settlement and sale of foreign exchange business for their clients and themselves, including long-term settlement and sale performance data, excluding interbank foreign exchange market paction data.

The statistics on bank settlement and sale of foreign exchange occurred at the time of RMB and foreign exchange.

Among them, settlement of foreign exchange refers to the sale of foreign exchange to designated foreign exchange banks by foreign exchange owners, which means that designated foreign exchange banks sell foreign exchange to foreign exchange users.

The difference between foreign exchange and sales is the difference between settlement and sale.

The difference between banks' foreign exchange and foreign exchange sales will be bought and sold through interbank foreign exchange market, which is one of the main sources of foreign exchange reserves in China, but it is not equal to the increase or decrease of foreign exchange reserves in the same period.

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< p > the bank does not make statistics on the principle of pactions between residents and non residents, and it only includes the pactions between banks and customers and their own currencies, that is, the exchange of Renminbi and foreign exchange, which is different from the statistical range of balance of payments pactions.

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< p > forward contract for sale and purchase refers to the negotiation between a bank and a client to conclude a long-term settlement of foreign exchange (foreign exchange) contract, which stipulates the foreign exchange currency, amount, exchange rate and time limit for future settlement of foreign exchange (foreign exchange). When the foreign exchange income (expenditure) is due, the settlement of foreign exchange (foreign exchange) is made according to the currency, amount and exchange rate stipulated by the forward settlement (sale and exchange).

Forward selling and foreign exchange business enables enterprises to lock in the exchange rate of future settlement or sale in advance, thereby effectively avoiding the risk of RMB exchange rate fluctuations.

Banks generally hedge the risk exposure of forward selling and foreign exchange pactions through interbank foreign exchange markets.

For example, when a bank's forward settlement is greater than forward sales, banks generally sell the same amount of foreign exchange ahead of time in the interbank foreign exchange market, and vice versa.

Therefore, forward selling and selling is also a factor that affects the change of China's foreign exchange reserves.

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< p > the accumulative unexpired term of the end of this period is defined as the balance between the a href= "http://www.91se91.com/news/index_s.asp" > the settlement of the foreign exchange /a and the sale and purchase contract remaining unexpired at the end of the current term. The difference refers to the difference between the non maturity of the foreign exchange settlement and the sale surplus.

The relationship between the contract amount and the accumulated unexpired amount is: the accumulated unexpired date of the end of the term forward settlement and sale of foreign exchange = the accumulative unexpired date of the last period and the forward term of the foreign exchange settlement and sale.

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