The RMB Closed Unchanged On Friday, Not Following The Middle Price.

The Renminbi (P) was close to the dollar on Friday (May 9th), and most of the day fluctuated on the devaluation side. Exporters sold dollars to offset the impact of the central bank's guidance on the weakening of the renminbi.

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< p > US dollar / RMB closed at 6.2280, unchanged from the closing price on Thursday, intraday in the 6.2247-6.2338 range.

The Central Bank of China put the central parity of the US dollar / RMB on Friday at 6.1581, which is 6.1557 higher than the mid Thursday price.

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< p > the latest data show that China's "a href=" //www.sjfzxm.com/news/index_cj.asp "exports" /a "moderate recovery", investors are more optimistic about the prospects of the renminbi.

China's exports grew by 0.9% in April, and economists had expected a 3.5% decline.

Imports grew by 0.8% in April, better than expected.

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< p > "the Yuan's early trading was weaker than that of the" a href= "//www.sjfzxm.com/news/index_cj.asp" intermediate price < /a >, but after the afternoon, the selling of the US dollar came up. These dollar sales may come from the company's customers, "said a trader in a Chinese bank in Shanghai.

The trader also indicated that investors showed more interest in the renminbi compared with a few weeks ago.

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< p > since the beginning of this year, the "a href=" //www.sjfzxm.com/news/index_cj.asp "RMB" /a "has fallen by 2.8% against the US dollar, partly because the central bank has lowered the renminbi to counter speculative speculation in Renminbi appreciation, and is also exacerbating investor concerns over the renminbi because of the increasingly poor economic data.

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< p > related links: < /p >

< p > non residents are the abbreviation of "non Chinese residents" compared with "Chinese residents".

Apart from natural persons living in China for more than 1 years, overseas students and medical personnel in Hongkong, Macao and Taiwan, and foreign staff members and their dependents of foreign embassies and consulates in China, except for (two) China's short-term expatriates (less than 1 years' residence abroad), overseas students, medical personnel and Chinese embassies and consular missions in China and their families: (three) enterprises and business entities established in China (including foreign-invested enterprises and foreign-funded financial institutions) and overseas Chinese institutions in China (excluding international organizations stationed in China and embassies and consulates in foreign countries); (four) Chinese state organs (including embassies and consulates in China), groups and troops. Chinese residents refer to: (1) in

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< p > analysts say that with the accelerating process of RMB internationalization, the renminbi held by foreign residents, including the renminbi held in the form of deposits, has increased rapidly. This undoubtedly has an impact on the balance of payments and external economic development in China. It is necessary to have relevant indicators for statistics and issuance, which will help to grasp and understand the approximate size of cross-border RMB capital flows.

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< p > in late 2013 12, the balance of RMB deposits of non residents in China was 1 trillion and 356 billion 633 million yuan.

Analysts pointed out that the balance of non resident Renminbi deposits is faster than the growth rate, but it is still relatively small in absolute terms. As domestic and foreign customers continue to maintain a positive expectation of RMB internationalization, the acceptance of RMB increases, and the pace of RMB going out accelerates, the data is expected to continue to increase.

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