In April, The Central Bank'S Foreign Exchange Accounted For Only 84 Billion 500 Million Increase In Value, And About 50 Billion Of Its Hot Money Was Squeezed Out.

"P >" in April the central bank and financial institutions increased the size of new foreign exchange holdings and fluctuated with the depreciation of the RMB against the US dollar. "

A trader in a state-owned commercial bank said that the partial depreciation of the renminbi against the US dollar squeezed some of the hot money out of the country.

Excluding the trade surplus and FDI scale in April, the domestic hot money in April was about 50 billion yuan.

The regulatory authorities have initially achieved the purpose of increasing the arbitrage speculative cost and breaking the unilateral appreciation expectation of RMB through the exchange rate reform.

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< p > the central bank updated the < a href= "http://www.91se91.com/news/index_c.asp" > currency < /a > the balance sheet data show that in April 2014, the central bank's foreign exchange balance was 27 trillion and 299 billion 503 million yuan, an increase of 84 billion 589 million yuan compared with the 27 trillion and 214 billion 914 million yuan at the end of 3, a tenth consecutive month increase, but the increase was significantly lower than the 174 billion 126 million yuan in March.

The scale of new foreign exchange holdings in April has dropped to below 100 billion yuan for the first time since August 2013.

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< p > April, the size of the new central bank's foreign exchange holdings increased more than that of the financial institutions.

The RMB credit receipts and payments table of financial institutions newly updated by the central bank (classified by departments) showed that foreign exchange accounted for 116 billion 921 million yuan in financial institutions in April, narrowing considerably compared with the 198 billion 297 million yuan increase in March.

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< p > analysts pointed out that we should pay more attention to the changes in the RMB exchange rate, the trend of hot money and the analysis of the "a href=" http://www.91se91.com/news/index_c.asp "foreign trade < /a > trend, and we should pay more attention to the two data changes of the foreign exchange assets held by the central Bank and foreign exchange.

Historical data show that if the central bank and the financial institutions are relatively close to foreign exchange in a certain stage, there will often be a slowdown or even weakness in the appreciation of the RMB exchange rate.

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< p > April > a href= "http://www.91se91.com/news/index_c.asp" > Central Bank < /a > convergence with the scale of foreign exchange financing of financial institutions confirms the above judgment.

Yesterday, the central bank authorized the China foreign exchange trading center to announce the central parity of RMB against the US dollar at 6.1710 yuan, creating a new low level.

Statistics show that the central parity of the RMB against the US dollar in April has depreciated by 59 basis points, nearly 0.1%, and the spot depreciation has been 0.66%. Since the beginning of this year, the central bank has depreciated by about 1.18%, and the spot value has depreciated 2.98%.

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< p > "the depreciation of the RMB against the US dollar has led some enterprises to choose to postpone the settlement of foreign exchange, which is another reason for the rapid decrease in the scale of foreign exchange holdings."

According to the statistics released by the State Administration of foreign exchange, the surplus of foreign exchange sales by banks in April was 48 billion 900 million yuan, compared with 246 billion 500 million yuan in March.

It is not difficult to see that the initiative of enterprises to choose foreign exchange settlement is a reason for the sharp decline in foreign exchange holdings.

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< p > since March 17th this year, the floating rate of RMB against the US dollar in the inter-bank spot foreign exchange market has expanded from 1% to 2%.

The central bank said that it will further play the role of the market in the formation of the RMB exchange rate, enhance the two-way floating elasticity of the RMB exchange rate and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.

The central bank also stressed that basically quit normal foreign exchange intervention.

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