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Home >> Business
UPDATED: 09:56, November 16, 2004
China central bank says forex deposits on rise
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The latest figures released by the People's Bank of China, the central bank, on Monday show that the outstanding foreign currency deposits in financial institutions in China rose 5.5 percent year-on-year to 158.4 billion US dollars in the first 10 months this year.

Corporate deposits grew 13.3 percent to 59.2 billion dollars, while savings deposits dropped 3.8 percent to 83.6 billion dollars.

The outstanding foreign exchange loans from the institutions, including foreign banks, increased 13.2 percent year on year to 133.4 billion dollars in the first 10 months, the source said.

The central bank said China's foreign exchange loans granted in October alone were 1.3 billion dollars less than September.


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