May foreign exchange accounted for the new Year's new hot money return

Source: Internet
Author: User
Keywords May hot money
Qiu---------when the real economy indicators are gradually getting better, money seems to be accelerating back.  May foreign exchange accounted for 242.6 billion yuan, the chain increased by nearly 90 billion yuan, creating a new Year's record. Since the financial crisis broke out in the third quarter of last year, capital inflows have slowed and foreign exchange accounts have fallen markedly. In the first 4 months of this year, the monthly foreign exchange accounts increased by only 143.3 billion yuan.  The slowdown in capital inflows is also reflected in the growth rate of foreign exchange reserves, which grew only 7.7 billion U.S. dollars in the first quarter. And foreign exchange accounted for the rebound, settlement accounted for the proportion of the proceeds of the rising trend, which means that capital inflows to speed up or the domestic stock of foreign currency accelerated settlement. As the actual data collected in May has not yet been published, assuming that the monthly foreign direct investment (FDI) and trade surplus for the current month to increase the actual collection data, foreign exchange accounted for the amount of net settlement of enterprises and residents, foreign exchange accounted for the proportion of the former and the ratio can also be a rough reflection of Starting last October, the proportion fell sharply, with individual months falling to 20%~30%, almost to their lowest level in a year.  In May, however, that proportion returned to more than 100% per cent. There is also a gleam of personal feeling behind the data. A joint-stock banker told cbn,5 that the bank's settlement volume had grown much more than in the first few months of the year, with trade and investment inflows growing.  As exports gradually improved and exchange rate expectations changed, demand for forward-meeting sales also increased. A foreign exchange trader said that the recent increase in capital inflows came mainly from trade, with the company's indicators gradually improved, trade appeared to rebound, especially in the industrial chain in the back-end of the electronic products export recovery faster. "Foreign speculative funds we feel out of the original is not a lot, recently seems to come in a bit." "The liquidity of global financial markets has become looser from the extreme scarcity of the four quarter last year, and the return of U.S. money back to emerging markets for hedging purposes has led to a rise in some emerging market currencies," as the country's bailout policies continue to play a role. China's economy is the first to show signs of recovery and is considered one of the few economies to emerge from the crisis first.  In this case, the return of funds to the territory is also understandable. Recent macro figures also show the signs.  The Ministry of Commerce released FDI data showed that May China's absorption of 6.38 billion U.S. dollars, although the year-on-year decline of 17.8%, but the chain up about 8.3%. Even in the first quarter of the economic downturn, capital outflows were not as bad as they had imagined.  Although in the first 5 months of this year, the inflow and outflow of Cross-border capital flows in China significantly decreased, but the overall balance of the balance of payments surplus, international supply and demand generally balanced. As the economy heats up, when will "hot money" come? Wang Xiaoli, deputy Director of State Administration of foreign exchange, said at the third Chinese Enterprise International Financing Conference earlier this year that from the current economic and financial situation at home and abroad, China's future balance-of-payments situation will be more complex. On the one hand, the world's leading economies are in recession and emerging economies are slowing, facing 1933 yearsThe world's deepest recession, the external environment of trade and investment has continued to deteriorate, on the other hand, there is no fundamental change in the imbalance of international surplus, China still faces the pressure of capital inflow.
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