China Lithium Market Dynamics & Lithium Procurement Study

China Lithium Market Dynamics and Lithium Procurement Study

Battery Recycling Technology Understanding

Solid State Battery Market

   China Scrap Steel Quality Analysis 

China Scrap Steel Cost Curve

Home

Metal News

Chinese Banks' Forex Surplus Tops $92b in Q1

2024 SMM (19th) Aluminium Conference & the First Aluminium Industry Expo

CLNB 2024 9TH CHINA NEW ENERGY EXPO

Indonesia Nickel & Cobalt & EV Industry Conference 2024

ASEAN Tin Industry Conference 2024

ASEAN Coal Industry Conference 2024

ASEAN Aluminium Industry Conference 2024

2024 ASEAN Automotive Supply Chain

2024 Global Renewable Metal Industry Chain Summit

2nd Li-ion Battery Europe 2024

NET ZERO EUROPE - Solar & Energy Storage Summit

China's Farm Produce Prices Drop Five Weeks in a Row

BEIJING, Jun. 9 --&nbsp;The surplus of Chinese banks' foreign exchange purchases to sales in transactions with clients in the first quarter stood at $92.7 billion, the State Administration of Foreign Exchange (SAFE) announced Tuesday.
The figure did not include the amount from bank's own forex transactions and interbank transactions, said a statement on the SAFE's website.
The SAFE provided no comparison on a year-on-year or quarterly basis as the regulator only began to release monthly data on bank foreign exchange transactions on a quarterly basis this year, the statement said.
In the first three months, Chinese banks purchased $270.3 billion from institutional and individual clients: $100 billion in March, $76.3 billion in February, and $94 billion in January.
Forex sales to clients were $177.6 billion in the first quarter: $69.3 billion in March, $54.5 billion in February and $53.8 billion in January.
In 2009, the annual surplus fell 42 percent to $263.5 billion, according to data released in March.
The surplus of forex purchases to sales was one of the main reasons for the change of China's foreign exchange reserves, the SAFE said in March.
By the end of March, China's foreign exchange reserves rose 16 percent yea on year to $1.954 trillion. 
&nbsp;

India's Hindalco Looking to Buy Copper Mines-Exec

Chinese Banks' Forex Surplus Tops $92b in Q1 | Shanghai Non ferrous Metals

Chinese Banks' Forex Surplus Tops $92b in Q1

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit