China-Deposits/2020

China reports deposits of RMB increasing by 19.65 trillion yuan in 2020: report

  • English

Shotlist

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of People's Bank of China headquarters

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
2. China Construction Bank building

FILE: Xiong'an New Area, Hebei Province, north China - Date Unknown (CCTV - No access Chinese mainland)
3. Industrial and Commercial Bank of China building
4. Bank of China exterior
FILE: Changsha City, Hunan Province, central China - 2020 (Exact Date Unknown) (CCTV - No access Chinese mainland)
5. Various of bank clerks serving clients

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. People working on computers

FILE: Beijing, China - Exact Date Unknown (CCTV - No access Chinese mainland)
7. Customers, clerks in bank

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
8. Various of customers at Zhongguancun Small and Micro Business Financial Center

FILE: Beijing, China - Jan 2016 (CCTV - No access Chinese mainland)
9. Electronic queuing machine at Bank of China
10. Bank clerk at work

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
11. Various of Chinese yuan banknotes being counted, going through cash counting machine

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
12. LED sign of RMB currency on digital screen

FILE: Shanghai, China - Aug 6, 2018 (CGTN - No access Chinese mainland)
13. Sign at counter reading "Currency Exchange"

FILE: Beijing, China - January 2016 (CCTV - No access Chinese mainland)
14. Various of U.S. dollar, euro banknotes going through cash counting machine

FILE: Guangzhou City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
15. Various of customers at shopping mall

Storyline


The deposits of RMB increased by 19.65 trillion yuan (about 3.03 trillion U.S. dollars) and foreign currency deposits rose by 131.5 billion U.S. dollars in 2020, according to a financial report released by China's central bank on Tuesday.

According to the report on financial statistics for 2020 released by the People's Bank of China, the balance of domestic and foreign currency deposits stood at 218.37 trillion yuan (33.63 trillion U.S. dollars) as of the end of December, increased by 10.2 percent from one year earlier.

The balance of RMB deposits at the end of December hit 212.57 trillion yuan (32.74 trillion U.S. dollars), up 10.2 percent year on year.

As of the end of December, the balance of foreign currency deposits topped 889.3 billion U.S. dollars, rising by 17.4 percent year on year. Foreign currency deposits increased by 131.5 billion U.S. dollars throughout the year, an increase of 101.4 billion U.S. dollars year on year.

Preliminary statistics showed that by the end of 2020, the stock of social financing stood at 284.83 trillion yuan (43.87 trillion U.S. dollars), a year-on-year increase of 13.3 percent.

Among them, the balance of RMB loans issued to the real economy was 171.6 trillion yuan (26.43 trillion U.S. dollars), a year-on-year increase of 13.2 percent while the balance of foreign currency loans issued to the real economy was 2.1 trillion yuan (320 billion U.S. dollars), dropping 0.6 percent year on year.

From a structural point of view, the balance of RMB loans issued to the real economy at the end of 2020 accounted for 60.2 percent of the stock of social financing in the same period, 0.1 percentage point lower than the same period. The balance of foreign currency loans to the real economy in RMB accounted for 0.7 percent, 0.1 percentage point lower than the previous year.

Preliminary statistics showed that the cumulative increase in the scale of social financing in 2020 totaled 34.86 trillion yuan (5.36 trillion U.S. dollars), hiking by 9.19 trillion yuan (1.42 trillion U.S. dollars) from the previous year.

Among them, RMB loans to the real economy increased by 20.03 trillion yuan (3.09 trillion U.S. dollars), indicating a yearly increase of 3.15 trillion yuan (490 billion U.S. dollars). The foreign currency loans to the real economy equivalent to RMB increased by 145 billion yuan (22.33 billion U.S. dollars), an increase of 272.5 billion yuan (41.97 billion U.S. dollars) year on year.

From a structural point of view, RMB loans to the real economy accounted for 57.5 percent of the social financing scale in the same period of 2020, or 8.3 percent lower than the same period last year. The foreign currency loans to the real economy equivalent to RMB accounted for 0.4 percent, or 0.9 percent higher than the previous year.

In addition, as of the end of December, China's foreign exchange reserve balance reached 3.22 trillion U.S. dollars, and the RMB exchange rate was 6.5249 yuan against one U.S. dollar.

In 2020, cross-border trade in goods, service trade and other current accounts, foreign direct investment, and foreign direct investment settled in RMB generated 4.79 trillion yuan (740 billion U.S. dollars), 1.98 trillion yuan (300 billion U.S. dollars), 1.05 trillion yuan (230 billion U.S. dollars), and 2.76 trillion yuan (430 billion U.S. dollars), respectively.

DOWNLOAD
  • ID : 8173749
  • Dateline : Jan 12, 2021/File
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 1'43
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2021-01-15 20:25
  • Last Modified : 2021-01-15 21:32:52
  • Version : 2

China-Deposits/2020

China reports deposits of RMB increasing by 19.65 trillion yuan in 2020: report

Dateline : Jan 12, 2021/File

Location : Beijing,China

Duration : 1'43

  • English

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of People's Bank of China headquarters

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
2. China Construction Bank building

FILE: Xiong'an New Area, Hebei Province, north China - Date Unknown (CCTV - No access Chinese mainland)
3. Industrial and Commercial Bank of China building
4. Bank of China exterior
FILE: Changsha City, Hunan Province, central China - 2020 (Exact Date Unknown) (CCTV - No access Chinese mainland)
5. Various of bank clerks serving clients

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. People working on computers

FILE: Beijing, China - Exact Date Unknown (CCTV - No access Chinese mainland)
7. Customers, clerks in bank

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
8. Various of customers at Zhongguancun Small and Micro Business Financial Center

FILE: Beijing, China - Jan 2016 (CCTV - No access Chinese mainland)
9. Electronic queuing machine at Bank of China
10. Bank clerk at work

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
11. Various of Chinese yuan banknotes being counted, going through cash counting machine

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
12. LED sign of RMB currency on digital screen

FILE: Shanghai, China - Aug 6, 2018 (CGTN - No access Chinese mainland)
13. Sign at counter reading "Currency Exchange"

FILE: Beijing, China - January 2016 (CCTV - No access Chinese mainland)
14. Various of U.S. dollar, euro banknotes going through cash counting machine

FILE: Guangzhou City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
15. Various of customers at shopping mall


The deposits of RMB increased by 19.65 trillion yuan (about 3.03 trillion U.S. dollars) and foreign currency deposits rose by 131.5 billion U.S. dollars in 2020, according to a financial report released by China's central bank on Tuesday.

According to the report on financial statistics for 2020 released by the People's Bank of China, the balance of domestic and foreign currency deposits stood at 218.37 trillion yuan (33.63 trillion U.S. dollars) as of the end of December, increased by 10.2 percent from one year earlier.

The balance of RMB deposits at the end of December hit 212.57 trillion yuan (32.74 trillion U.S. dollars), up 10.2 percent year on year.

As of the end of December, the balance of foreign currency deposits topped 889.3 billion U.S. dollars, rising by 17.4 percent year on year. Foreign currency deposits increased by 131.5 billion U.S. dollars throughout the year, an increase of 101.4 billion U.S. dollars year on year.

Preliminary statistics showed that by the end of 2020, the stock of social financing stood at 284.83 trillion yuan (43.87 trillion U.S. dollars), a year-on-year increase of 13.3 percent.

Among them, the balance of RMB loans issued to the real economy was 171.6 trillion yuan (26.43 trillion U.S. dollars), a year-on-year increase of 13.2 percent while the balance of foreign currency loans issued to the real economy was 2.1 trillion yuan (320 billion U.S. dollars), dropping 0.6 percent year on year.

From a structural point of view, the balance of RMB loans issued to the real economy at the end of 2020 accounted for 60.2 percent of the stock of social financing in the same period, 0.1 percentage point lower than the same period. The balance of foreign currency loans to the real economy in RMB accounted for 0.7 percent, 0.1 percentage point lower than the previous year.

Preliminary statistics showed that the cumulative increase in the scale of social financing in 2020 totaled 34.86 trillion yuan (5.36 trillion U.S. dollars), hiking by 9.19 trillion yuan (1.42 trillion U.S. dollars) from the previous year.

Among them, RMB loans to the real economy increased by 20.03 trillion yuan (3.09 trillion U.S. dollars), indicating a yearly increase of 3.15 trillion yuan (490 billion U.S. dollars). The foreign currency loans to the real economy equivalent to RMB increased by 145 billion yuan (22.33 billion U.S. dollars), an increase of 272.5 billion yuan (41.97 billion U.S. dollars) year on year.

From a structural point of view, RMB loans to the real economy accounted for 57.5 percent of the social financing scale in the same period of 2020, or 8.3 percent lower than the same period last year. The foreign currency loans to the real economy equivalent to RMB accounted for 0.4 percent, or 0.9 percent higher than the previous year.

In addition, as of the end of December, China's foreign exchange reserve balance reached 3.22 trillion U.S. dollars, and the RMB exchange rate was 6.5249 yuan against one U.S. dollar.

In 2020, cross-border trade in goods, service trade and other current accounts, foreign direct investment, and foreign direct investment settled in RMB generated 4.79 trillion yuan (740 billion U.S. dollars), 1.98 trillion yuan (300 billion U.S. dollars), 1.05 trillion yuan (230 billion U.S. dollars), and 2.76 trillion yuan (430 billion U.S. dollars), respectively.

ID : 8173749

Published : 2021-01-15 20:25

Last Modified : 2021-01-15 21:32:52

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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