China's November foreign exchange accounted for an increase in the year high

Xinhua Beijing December 29 (reporter Wang, Yiu Junfang) The People's Bank of China recently released data show that　　As of the end of November, China's foreign exchange accounted for 19.0202 trillion yuan, the monthly new amount of 254.3 billion yuan, although the data is lower than the September 406.8 billion yuan of foreign exchange accounted for the increase, but still more than the monthly average of more than 180 billion yuan a lot higher, creating a high for the year. Foreign exchange accounts for the bank's acquisition of foreign exchange assets corresponding to the national currency.　　In general, the trade surplus, the use of foreign capital and the expected appreciation of the renminbi is a major contributor to the sharp rise in foreign exchange accounts. Data show that the November month of the national actual use of foreign capital of 7.023 billion U.S. dollars, an increase of 31.97%, has been four consecutive months of growth.　　At the same time, China's trade surplus amounted to 19.1 billion U.S. dollars in November. Analysts pointed out that the future of China's foreign exchange account will continue to increase the trend.　　Yuanzheng, chief economist of BOC International, said that under the current economic situation, China's balance of payments double surplus pattern will continue, these factors will attract more foreign capital inflow into the territory and push up the foreign exchange account. In general, the increase in foreign exchange accounts will directly increase the amount of basic money, and then through the monetary multiplier effect, resulting in a substantial increase in the money supply. Since this year, China's foreign exchange accounted for an increase of more than 2 trillion yuan, which will undoubtedly increase the future of China's monetary authority liquidity control pressure.