Foreign Currency Deposits of Chinese Residents SoarThe bank deposits of foreign currencies by Chinese individuals had hit US$69.92 billion at the end of October, surging 32.5 percent from the same period last year.According to figures released Wednesday by the People's Bank of China, the foreign-currency deposits of Chinese individuals increased by US$14.57 billion in the first 10 months of this year. By the end of October, the foreign-currency deposits of domestic Chinese financial institutions stood at US$122.68 billion, up 22.8 percent from the comparable period of last year. In the same period, the foreign-currency deposits of enterprises rose 11.9 percent to read US$44.15 billion, the central bank said. By the end of last month, banks' foreign-currency loans totaled US$64.39 billion, dropping 4.47 billion dollars from the beginning of the year. |
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