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According to the statistical data released by the State Administration of Foreign Exchange (SAFE), in February 2011 the amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD90 billion and USD65.1 billion respectively. The surplus of foreign exchange settlement and sales by banks on behalf of clients amounted to USD24.9 billion. For the first two months of 2011, the cumulative amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD240.3 billion and USD147 billion respectively. The surplus of foreign exchange settlement and sales was USD93.3 billion. In February 2011, foreign-related receipts and payments of domestic banks on behalf of clients amounted to USD129.9 billion and USD120.6 billion respectively; and the surplus of foreign-related receipts and payments reached USD9.3 billion. For the first two months of 2011, the cumulative foreign-related receipts and payments of banks on behalf of clients amounted to USD316.6 billion and USD271.3 billion respectively; and the surplus of the cumulative foreign-related receipts and payments reached USD45.3 billion. 2011-04-13/en/2011/0413/991.html
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According to the statistical data released by the State Administration of Foreign Exchange (SAFE), in April 2011 the amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD129.8 billion and USD85.2 billion respectively. The surplus of foreign exchange settlement and sales by banks on behalf of clients amounted to USD44.7 billion. In the first four months of 2011, the cumulative amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD505.6 billion and USD326.8 billion respectively. The surplus of foreign exchange settlement and sales was USD178.8 billion. In April 2011 foreign-related receipts and payments by domestic banks on behalf of clients amounted to USD177.8 billion and USD153.3 billion respectively, and the surplus of foreign-related receipts and payments reached USD24.5 billion. In the first four months of 2011, the cumulative foreign-related receipts and payments of banks on behalf of clients amounted to USD682.8 billion and USD582.3 billion respectively; and the cumulative surplus of foreign-related receipts and payments reached USD100.5 billion. 2011-05-25/en/2011/0525/997.html
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In Q3 of 2010 the current account and the capital and financial account continued to post a "twin surplus" and international reserves maintained a growing momentum. The surplus under the current account totaled USD102.3 billion, a year-on-year increase of 103 percent as calculated on a comparable basis (the same below). Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods, income, and current transfers reached USD81.4 billion, USD14 billion, and USD10.8 billion, respectively, whereas the deficit in trade in services amounted to USD3.9 billion. Meanwhile, China's surplus under the capital and financial account totaled USD15.2 billion, a decrease of 65 percent year on year. In particular, the net inflows of direct investments and portfolio investments amounted to USD24.6 billion and USD14.1 billion respectively, whereas the net outflows of other investments reached USD24.5 billion. International reserves assets posted an increase of USD108 billion, a rise of 31 percent. Specifically, transactions in foreign exchange reserves assets registered an increase of USD107.3 billion (exclusive of the influence of changes in the value of non-transaction factors, such as exchange rates and prices) and the reserve position in the IMF registered an increase of USD700 million. In the first three quarters of 2010, China's surplus under the current account totaled USD203.9 billion, an increase of 30 percent year on year; China's surplus under the capital and financial account totaled USD130.1 billion, an increase of 2 percent; and international reserves assets posted an increase of USD286 billion, an increase of 7 percent. Chinas Balance of Payments Statement Q3 of 2010 Unit: USD100 million Items # Balance Credit Debit I. Current Account 1 1,023 5,315 4,292 A. Goods and Services 2 776 4,759 3,983 a. Goods 3 814 4,307 3,493 b. Services 4 -39 452 491 1.Transportation 5 -73 96 169 2.Travel 6 -16 118 134 3.Communication Services 7 0 3 3 4.Construction Services 8 24 38 14 5.Insurance Services 9 -36 6 42 6.Financial Services 10 -2 4 5 7.Computer and Information Services 11 18 25 7 8.Royalties and Licensing Fees 12 -29 2 30 9.Consulting Services 13 20 57 38 10.Advertising and Public Opinion Polling 14 2 7 5 11.Audio-visual and Related Services 15 0 0 1 12. Other Business Services 16 54 95 41 13. Government Services, n.i.e. 17 0 2 2 B. Income 18 140 433 293 1.Compensation of Employees 19 33 37 4 2.Investment Income 20 107 396 289 C. Current Transfers 21 108 123 15 1.General Government 22 -1 0 1 2.Other Sectors 23 108 123 14 II. Capital and Financial Account 24 152 2,717 2,565 A. Capital Account 25 9 9 0 B. Financial Account 26 143 2,708 2,565 1. Direct Investment 27 246 501 254 1.1 Abroad 28 -181 22 203 1.2 In China 29 427 478 51 2. Portfolio Investment 30 141 201 59 2.1 Assets 31 -6 36 41 2.1.1 Equity Securities 32 -3 25 28 2.1.2 Debt Securities 33 -3 10 13 2.1.2.1 Bonds and Notes 34 -3 10 13 2.1.2.2 Money Market Instruments 35 0 0 0 2.2 Liabilities 36 147 165 18 2.2.1 Equity Securities 37 154 158 3 2.2.2 Debt Securities 38 -7 7 15 2.2.2.1 Bonds and Notes 39 -7 7 15 2.2.2.2 Money Market Instruments 40 0 0 0 3. Other Investment 41 -245 2,006 2,251 3.1 Assets 42 -694 64 758 3.1.1 Trade Credits 43 -182 0 182 Long-term 44 -13 0 13 Short-term 45 -169 0 169 3.1.2 Loans 46 -259 1 260 Long-term 47 -138 0 138 Short-term 48 -122 1 122 3.1.3 Currency and Deposits 49 -270 46 316 3.1.4 Other Assets 50 17 17 0 Long-term 51 0 0 0 Short-term 52 17 17 0 3.2 Liabilities 53 449 1,942 1,493 3.2.1 Trade Credits 54 133 133 0 Long-term 55 9 9 0 Short-term 56 124 124 0 3.2.2 Loans 57 140 1,500 1,360 Long-term 58 20 50 31 Short-term 59 121 1,450 1,329 3.2.3 Currency and Deposits 60 177 303 127 3.2.4 Other Liabilities 61 -1 6 7 Long-term 62 -1 0 1 Short-term 63 0 6 6 III. Reserves Assets 64 -1,080 0 1,080 3.1 Monetary Gold 65 0 0 0 3.2 Special Drawing Rights 66 0 0 0 3.3 Reserves Position in the Fund 67 -7 0 7 3.4 Foreign Exchange 68 -1,073 0 1,073 3.5 Other Claims 69 0 0 0 c. Net Errors and Omissions 70 -94 0 94 Note: 1. This statement employs rounded-off numbers. 2. As of the third quarter of 2010, in accordance with international standards, the undistributed profits and the profits that have been distributed but not remitted shall be recorded in the Balance of Payments statement. Chinas Balance of Payments Statement For the First three Quarters of 2010 Unit: USD100 million Items # Balance Credit Debit I. Current Account 1 2,039 13,983 11,944 A. Goods and Services 2 1,555 12,597 11,042 a. Goods 3 1,711 11,370 9,659 b. Services 4 -156 1,227 1,383 1.Transportation 5 -214 247 461 2.Travel 6 -42 337 379 3.Communication Services 7 0 8 8 4.Construction Services 8 61 100 38 5.Insurance Services 9 -101 13 114 6.Financial Services 10 1 8 7 7.Computer and Information Services 11 45 66 21 8.Royalties and Licensing Fees 12 -90 6 96 9.Consulting Services 13 53 159 106 10.Advertising and Public Opinion Polling 14 6 20 15 11.Audio-visual and Related Services 15 -2 1 3 12. Other Business Services 16 129 255 127 13. Government Services, n.i.e. 17 -1 7 8 B. Income 18 182 1,035 853 1.Compensation of Employees 19 84 95 11 2.Investment Income 20 98 940 842 C. Current Transfers 21 302 351 49 1.General Government 22 -2 0 2 2.Other Sectors 23 304 351 47 II. Capital and Financial Account 24 1,301 7,751 6,450 A. Capital Account 25 34 36 2 B. Financial Account 26 1,266 7,715 6,449 1. Direct Investment 27 865 1,449 584 1.1 Abroad 28 -375 52 427 1.2 In China 29 1,240 1,396 157 2. Portfolio Investment 30 68 394 325 2.1 Assets 31 -78 201 279 2.1.1 Equity Securities 32 -77 78 155 2.1.2 Debt Securities 33 -1 123 124 2.1.2.1 Bonds and Notes 34 10 98 88 2.1.2.2 Money Market Instruments 35 -11 25 36 2.2 Liabilities 36 146 193 46 2.2.1 Equity Securities 37 158 186 27 2.2.2 Debt Securities 38 -12 7 19 2.2.2.1 Bonds and Notes 39 -12 7 19 2.2.2.2 Money Market Instruments 40 0 0 0 3. Other Investment 41 333 5,873 5,540 3.1 Assets 42 -1,075 445 1,520 3.1.1 Trade Credits 43 -616 5 621 Long-term 44 -43 0 43 Short-term 45 -573 4 578 3.1.2 Loans 46 -199 126 326 Long-term 47 -198 0 198 Short-term 48 -2 126 128 3.1.3 Currency and Deposits 49 -360 213 573 3.1.4 Other Assets 50 100 101 0 Long-term 51 0 0 0 Short-term 52 100 101 0 3.2 Liabilities 53 1,409 5,428 4,020 3.2.1 Trade Credits 54 583 583 0 Long-term 55 41 41 0 Short-term 56 542 542 0 3.2.2 Loans 57 441 4,183 3,742 Long-term 58 74 178 104 Short-term 59 367 4,005 3,638 3.2.3 Currency and Deposits 60 389 649 260 3.2.4 Other Liabilities 61 -4 13 17 Long-term 62 -4 0 5 Short-term 63 1 13 13 III. Reserves Assets 64 -2,860 0 2,860 3.1 Monetary Gold 65 0 0 0 3.2 Special Drawing Rights 66 -1 0 1 3.3 Reserves Position in the Fund 67 -17 0 17 3.4 Foreign Exchange 68 -2,843 0 2,843 3.5 Other Claims 69 0 0 0 c. Net Errors and Omissions 70 -480 0 480 Note: 1. This statement employs rounded-off numbers. 2. The data for the first three quarters of 2010 are the sum total of the data for Q3 and for H1 of 2010. 3. As of the third quarter of 2010, in accordance with international standards, the undistributed profits and profits that have been distributed but not remitted shall be recorded in the Balance of Payments statement; the data for the previous two quarters have been adjusted accordingly. 2010-12-28/en/2010/1228/972.html
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At the end of September 2010, China's outstanding external debt (excluding that of Hong Kong SAR, Macao SAR, and Taiwan Province) reached USD546.449 billion. Specifically, the outstanding registered external debt reached USD326.549 billion and the balance of trade credit totaled USD219.9 billion. With respect to terms, outstanding long- and medium-term external debt (with the remaining term) was USD177.008 billion, accounting for 32.39 percent of the outstanding external debt. Outstanding short-term external debt (with the remaining term) was USD369.441 billion, accounting for 67.61 percent of the outstanding external debt. Specifically, the outstanding registered short-term external debt (with the remaining term) was USD149.541 billion and the balance of trade credit was USD219.9 billion. In terms of the composition of the debt, trade credit and trade financing (e.g., credit support to foreign trade provided by banks) accounted for 59.52 percent and 18.65 percent of the outstanding short-term external debt 2010 (the remaining term) respectively at the end of September. The trade credit and trade financing accounted for 78.17 percent of the outstanding short-term external debt (the remaining term). The data are closely associated with the dramatic growth of Chinas foreign trade during recent years. Because trade credit and trade financing are conducted against a real foreign trade background, they generally will not result in extra external debt risks. In terms of the types of debtors, the outstanding debt of Chinese-funded financial institutions was USD133.679 billion, accounting for 40.94 percent of the total outstanding registered external debt; the outstanding debt of foreign-funded enterprises was USD101.038 billion, accounting for 30.94 percent; the outstanding debt of foreign-funded financial institutions was USD46.971 billion, accounting for 14.38 percent; the outstanding sovereign debt borrowed by ministries under the State Council was USD38.571 billion, accounting for 11.81 percent; the outstanding debt of Chinese-funded enterprises was USD5.901 billion, accounting for 1.81 percent; and the outstanding debt of other institutions was USD389 million, accounting for 0.12 percent. In terms of the types of debt, the balance of international commercial loans amounted to USD254.591 billion, accounting for 77.96 percent of the outstanding registered external debt, with the proportion rising by 3.54 percentage points compared with that at the end of 2009. The balance of foreign government loans and loans granted by international financial organizations amounted to USD71.958 billion, accounting for 22.04 percent. In terms of the currency structure, debt in US dollars accounted for 71.91 percent of the outstanding registered external debt, representing an increase of 4.15 percentage points compared with that at the end of 2009. Debt in Japanese yen accounted for 10.29 percent, representing a decline of 1.6 percentage points compared with that at the end of 2009. Debt in euro accounted for 4.32 percent, a decline of 2.06 percentage points compared with that at the end of 2009; other kinds of debt, including SDRs and HKD, accounted for 13.48 percent, a decline of 0.49 percentage point compared with that at the end of 2009. In terms of the sectors in which the debts are invested, with reference to the Industrial Classification of the National Economy, USD43.821 billion was invested in the manufacturing sector, accounting for 21.45 percent of the medium- and long-term outstanding registered external debt (based on contract terms); USD25.778 billion was invested in the transportation, warehousing, and postal service sectors, accounting for 12.91 percent; USD17.907 billion was invested in the production and supply of electricity, coal gas, and water, accounting for 8.97 percent; USD12.05 billion was invested in the information technology service sector, accounting for 6.04 percent; USD10.687 billion was invested in the real estate sector, accounting for 5.35 percent. From January to September 2010, medium- and long-term external borrowing totaled USD27.847 billion, an increase of USD14.002 billion or 101.13 percent over that during the same period of 2009; repayment of the principal was USD17.904 billion, a decrease of USD8.055 billion, or 31.03 percent, over that during the same period of 2009. Interest payments totaled USD2.031 billion, a decrease of USD532 million, or 20.76 percent. Addendum: Definition of terms and interpretations Trade credit refers to external liability arising from directly extending credit between the seller and buyer of goods transactions, specifically transactions between residents in Mainland China and foreign non-residents (including non-residents in Hong Kong SAR, Macao SAR, and Taiwan Province), i.e., debt incurred due to the difference between the time of payment and the time of the transfer of ownership of the goods. Trade credit includes credit directly provided by the supplier (e.g., the overseas exporter) for commodity transactions and services, and advance payments by buyers (e.g., overseas importers) for goods, services, and on-going business (or business to be undertaken). Trade financing refers to a loan related to trade extended by a third party (e.g., banks) to an exporter or importer--for instance, a loan extended by a foreign financial institution or an export credit agency to a buyer. Trade-related credit is a broad concept. In addition to trade credit, it also involves other kinds of credit provided for trade activities. As it is defined, trade-related credit includes trade credit, trade financing, short-term notes related to trade, and so forth. 2011-01-19/en/2011/0119/978.html
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To facilitate public understanding of Chinese circumstances regarding cross-border fund flows, especially the scale, channels, and influence of abnormal cross-border fund flows, the group for the analysis of the balance of payments of the State Administration of Foreign Exchange (SAFE) recently issued the Report on the Monitoring of Chinas Cross-border Fund Flows in 2010 (hereinafter referred to as the Report). The Report provides a comprehensive and in-depth analysis of the general conditions and major items in Chinas cross-border fund flows during the period from 2001 to 2010, in terms of the balance of payments, the cross-border receipts and payments, and the settlement and sales of foreign exchange. The Report states that since implementation of the reform and opening-up policy, China has seen rapid development of its foreign-related economy. Economic contacts have increased and the size of the cross-border fund flows has multiplied. The sizable net inflows of cross-border funds are basically commensurate with the development of the real economy. Although there have been frequent occurrences of small inflows of illegal hot money, centralized and large-scale fund inflows of hot moneythrough legitimate financial institutions have not been found. The Report estimates the size of Chinas hot moneyflows. During the past 10 years, the trade surplus, the net inflow of direct investment, the return on overseas investment, overseas listings of domestic enterprises, and other legitimate foreign-related economic activities in compliance with the regulations basically accounted for the countrys increase in foreign exchange reserves. So far, the sustained net inflows of cross-border funds are deemed to be the result of the countrys rapid and steady economic growth. Arbitrage conducted by institutions and individuals featuring conversion of assets into the home currency and liabilities into the foreign currencies has, in part, increased the volatility of cross-border fund flows. The Report states that the orientation toward a basic equilibrium in the balance of payments is explicitly one of the major goals of economic and social development during the 12th Five-Year Plan according to the Proposal of the CPC Central Committee on Formulating the 12th Five-Year Plan for National Economic and Social Development. The country will promote a basic equilibrium in the balance of payments by speeding up economic restructuring, expanding domestic demand (particularly consumer demand), reducing the surplus in the balance of payments, as well as broadening the channels for fund outflows. The country will concentrate on the scientific development of economy and society as well as on acceleration of the transformation of the economic growth model in order to achieve that aim. The Report states that maintaining an equilibrium and the steady development of the macro-economy, perfecting macro-economic control measures, and improving the financial market system are of fundamental importance to avert the impacts of cross-border capital flows. Chinas capital controls have played a vital role in combating the global financial crisis as well as in maintaining the stability of the foreign-related economy and finance. With the deepening of the open economy, there have been increasing challenges to the monitoring of cross-border fund flows. During recent years, active efforts have been made by the foreign exchange authorities to establish a framework to balance foreign exchange administration, to moderately tighten the policies on foreign exchange collection and settlement and external debt management, to struggle against the inflow of illegal funds, and to broaden the channels for fund outflows. The foreign exchange authorities will continue to keep a close eye on cross-border fund flows, strengthen supervision of the regulatory compliance of cross-border fund flows, broaden the channels for the outflow of foreign exchange funds, diversify instruments to avoid exchange-rate risks, improve plans to guard against the risks, and take active steps to prevent and defuse the risks caused by cross-border fund flows. The group for analysis of the balance of payments of the SAFE will issue a Report on the Monitoring of Chinas Cross-border Fund Flows on a yearly basis. To facilitate public understanding of Chinas circumstances regarding cross-border fund flows, the SAFE will, based on monthly release of data on aggregate cross-border receipts and payments and foreign exchange settlement and sales by banks on behalf of their clients, make public the time-series data categorized based on the transaction items about the aforesaid operations during the period from 2001 to 2010, and will publicize data on detailed items on a monthly basis as of February 2011. 2011-02-17/en/2011/0217/985.html
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Initial estimations reveal that in Q4 of 2010 the current account and the capital and financial account (including net errors and omissions) continued to post a surplus and international reserves maintained their growing momentum. In Q4, the surplus under the current account totaled USD102.2 billion, a year-on-year increase of 13 percent as calculated on a comparable basis (the same below). Specifically, the surpluses in goods, income, and current transfers reached USD82.9 billion, USD9.5 billion, and USD12.3 billion, respectively, whereas the deficit in trade in services amounted to USD2.4 billion Meanwhile, China's surplus under the capital and financial account (including net errors and omissions) totaled USD83.5 billion. In particular, net inflows of direct investments amounted to USD43.3 billion. International reserves assets posted an increase of USD185.7 billion, a year-on-year increase of 49 percent. Specifically, transactions in foreign exchange reserve assets registered an increase of USD185.3 billion (exclusive of the influence of changes in value due to non-transaction factors such as exchange rates and prices) and the reserve position in the IMF registered an increase of USD400 million. In 2010, China's surplus under the current account totaled USD306.2 billion, an increase of 25 percent compared with that in the previous year. The surplus under the capital and financial account (including net errors and omissions) totaled USD165.6 billion. International reserve assets posted an increase of USD471.7 billion, an increase of 18 percent compared with that in the previous year. Balance of Payments 1 (Preliminary Data) Unit: USD100 million Item # Q4 of 2010 Year 20102 I. Current Account 1 1022 3062 A. Goods and Services 2 805 2360 a. Goods 3 829 2540 Credit 4 4445 15815 Debit 5 3616 13275 b. Services 6 -24 -180 B. Income 7 95 277 C. Current Transfers 8 123 425 II. Capital and Financial Account3 9 835 1656 Incl.: Direct investment 10 433 1298 III. Reserve Assets 11 -1857 -4717 3.1 Monetary Gold 12 0 0 3.2 Special Drawing Rights 13 0 -1 3.3 Reserves Position in the Fund 14 -4 -21 3.4 Foreign Exchange 15 -1853 -4696 3.5 Other Claims 16 0 0 Notes: 1. This statement employs rounded-off numbers. 2. The preliminary data for 2010 equal the sum total of the revised data for the first three quarters of 2010 and the preliminary data for Q4 of 2010. 3. The data under the capital and financial account in this statement equal the difference between the current account balance and the amount of change in reserve assets, including net errors and omissions. 2011-01-31/en/2011/0131/982.html
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According to statistical data released by the State Administration of Foreign Exchange (SAFE), in 2010 the amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD1330.4 billion and USD932.7 billion respectively. The surplus amounted to USD397.7 billion. In December 2010, the amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD146.2 billion and USD94.7 billion respectively. The surplus amounted to USD51.5 billion. In the same year, foreign-related receipts and payments by banks on behalf of clients amounted to USD1885.3 billion and USD1587.3 billion respectively; and the surplus of foreign-related receipts and payments reached USD298 billion. The top 5 currencies in terms of aggregate foreign-related receipts and payments for the year were: USD (83.18%), Euro (5.41%), HKD (5.12%), JPY (3.08%), and RMB (1.69%). In December 2010, foreign-related receipts and payments by banks on behalf of clients amounted to USD212 billion and USD183 billion respectively and the surplus reached USD29 billion. Appendix: Definition of terms and interpretation. Balance of payments (BOP) refers to all economic transactions occurring between residents and non-residents in China, including all financial transactions and barter transactions resulting in any changes to assets and liabilities between them. Foreign exchange settlement and sales by banks on behalf of clients refers to the business of foreign exchange settlement and sales conducted by designated foreign exchange banks for their clients, excluding data on foreign exchange settlement and sales conducted by designated foreign exchange banks on their own behalf and data on inter-bank foreign exchange market transactions. The time when the conversion between the Renminbi and the foreign currency occurs shall be regarded as the time point for the statistics. Specifically, settlement of foreign exchange is the process by which the owners of the foreign exchange sell the exchange to the designated foreign exchange banks; the sale of foreign exchange is the process by which the exchange is sold by the designated foreign exchange banks to the users of the foreign exchange. The balance between the settlement and sales of foreign exchange is the offset balance between the settlement and sales of foreign exchange, which will be balanced by the banks through bank transactions on the inter-bank foreign exchange market. This is the major reason for changes in the amount of foreign exchange reserves, which is not equivalent to the net change in foreign exchange reserves during the same period. The banks settlements and sales of foreign exchange for clients are not counted in compliance with the principle applicable to transactions between residents and non-residents, which only includes transactions between banks and their clients in domestic and foreign currencies, i.e., exchanges and transactions between RMB and foreign exchange. Their statistical scope differs from that of the transactions under the balance of payments. Foreign-related receipts and payments by banks on behalf of clients refers to receipts and payments occurring between domestic non-bank resident institutions/ individuals (collectively called the non-bank section) and non-resident institutions/individuals through domestic banks, exclusive of the receipts and payments in cash and foreign-related receipts and payments by the banks themselves. They include: cross-border collections and payments between non-bank sections and non-residents through domestic banks (including RMB and foreign exchange), and domestic collections and payments between non-bank sections and non-residents through domestic banks (currently including collections and payments in foreign exchange and collections and payments in RMB under the RMB settlement item for cross-border trade). The statistics are collected at the time when the clients conduct the foreign-related collections and payments at the domestic banks. Specifically, foreign-related collections by banks for their clients refer to funds collected by non-bank sections from non-residents via domestic banks; the banksexternal payments for their clients refer to the funds paid by non-bank sections to non-residents through domestic banks. Although foreign-related collections and payments by banks for their clients constitute an integral part of the balance of payment statistics, they differ, in principle, from the balance of payment statistics. The capital receipt and payment system is the statistical principle for the banksforeign-related collections and payments for their clients, whereas the accrual basis is the statistical principle for the balance of payments. The banksforeign-related collections and payments for their clients only reflect the cash flows between domestic non-bank sections and non-residents and do not reflect barters and foreign-related transactions conducted by the banks themselves, and their statistical scope is smaller than that of the balance of payments. 2011-01-27/en/2011/0127/980.html
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Initial estimates reveal that in Q3 of 2010 the current account and the capital and financial account (including net errors and omissions) continued to post a surplus and international reserves maintained a growing momentum. In Q3, the surplus under the current account totaled USD102.3 billion, a year-on-year increase of 103 percent as calculated on a comparable basis (the same below). Specifically, the surpluses in goods, income, and current transfers reached USD81.4 billion, USD14.5 billion, and USD10.8 billion, respectively, whereas the deficit in trade in services amounted to USD4.4 billion Meanwhile, China's surplus under the capital and financial account (including net errors and omissions) totaled USD5.7 billion. In particular, net inflows of direct investments amounted to USD23 billion. International reserve assets posted an increase of USD108 billion, a rise of 31 percent. Specifically, transactions in foreign exchange reserve assets registered an increase of USD107.3 billion (exclusive of the influence of non-transaction changes in value such as exchange rates and prices) and the reserve position in the IMF registered an increase of USD700 million. In the first three quarters of 2010, China's surplus under the current account totaled USD204 billion, an increase of 30 percent year on year; the surplus under the capital and financial account (including net errors and omissions) totaled USD82.1 billion; and international reserve assets posted an increase of USD286 billion, a rise of 7 percent year on year. 2010-11-25/en/2010/1125/968.html
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According to the statistical data released by the State Administration of Foreign Exchange (SAFE), in November 2010 the amount of foreign exchange settlements and foreign exchange sales by banks on behalf of clients amounted to USD129.7 billion and USD84.4 billion respectively. The foreign exchange settlement and sales surplus was USD45.3 billion. In the month of November, foreign-related receipts and payments of domestic banks on behalf of clients amounted to USD183.5 billion and USD151.8 billion respectively; and the foreign-related receipts and payments surplus reached USD31.7 billion. 2010-12-24/en/2010/1224/971.html
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According to the statistical data released by the State Administration of Foreign Exchange (SAFE), in October 2010 the amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD125.3 billion and USD67.7 billion respectively. The surplus of foreign exchange settlement and sales amounted to USD57.6 billion. During the month, foreign-related receipts and payments by domestic banks on behalf of clients amounted to USD166.4 billion and USD127.2 billion respectively. The surplus of foreign-related receipts and payments reached USD39.2 billion. 2010-11-30/en/2010/1130/969.html