Experts expect foreign exchange accounts to grow 200 billion or 300 billion per month

As the economy picks up, foreign-exchange-account growth is also on the rise.　　The latest figures released by the People's Bank of China show that as of the end of May, China's financial institutions foreign exchange accounted for the balance of 17,658,751,000,000 yuan, of which May financial institutions new foreign exchange accounted for 242.565 billion yuan, the increase has been the highest since this year. This is also foreign exchange accounted for two consecutive months of growth.　　According to the central bank's previous data, the financial institutions this year, a single month of new foreign exchange accounted for 150 billion yuan fluctuation.　　May foreign exchange accounted for a large increase, Guotai Securities fixed income Headquarters senior researcher Lin Zhaohui that there may be two reasons: first, the recent depreciation of the United States dollar, and secondly, in the context of economic crisis, China's relatively optimistic economy, the renminbi exchange rate is relatively stable, resulting in some capital reflux. Notably, Wang Xiaoli, deputy Director of State Administration of foreign exchange, said in Tianjin 10th this month that the financial crisis affected China's capital outflow in the second half of last year, while capital inflows fell.　　But there have been signs of an increase in capital inflows to China at a time when China's economy is showing signs of recovery. A report by China Merchants Securities said that the May foreign exchange accounted for a sharp rise in the value of the renminbi and an increase of $89.4 billion from April.　　From the renminbi without principal delivery forward foreign exchange prices, indicating the two-quarter foreign exchange reserve growth will significantly rebound. Central bank data show that by the end of March 2009, the state reserves balance of 1.9537 trillion U.S. dollars.　　In the first quarter, an increase of 7.7 billion U.S. dollars, less than 146.2 billion U.S. dollars. Wanguo's report says the influx of foreign capital from the recent new arbitrage has led to an increase in foreign-exchange accounts, leaving liquidity still loose.　　With the market expecting the renminbi to resume its appreciation channel by the end of the year, foreign exchange accounts will regain control of liquidity in the next two years. Lin Zhaohui that, according to the relevant circumstances judged, the recent foreign exchange accounted for a roughly 200 billion or 300 billion monthly increase.