The data lately issued by the People’s Bank of China indicated that as of late April, China’s funds outstanding for foreign exchange had accumulatively amounted to RMB20.345370t, RMB286.31b more than March, with the increment hitting a new record high recently.

Data showed that in the first 4 months of this year, the new increment of China’s funds outstanding for foreign exchange totaled roughly RMB1.0341t, with the increment in April further expanding compared with RMB179.5b in February and RMB270.1b in March.

Funds outstanding for foreign exchange refers to corresponding input domestic currency for the acquisition of foreign exchange assets by banks. Generally speaking, such elements as trade surplus, utilization of foreign capital and overseas hot money inflow are the main forces for the significant rise of funds outstanding for foreign exchange.