Foreign banks see a surge of RMB deposit

时间：2007-04-12 02:38:50

（单词翻译:单击）

Chinanews, Shanghai, Apr. 12 – During the first quarter of this year, foreign banks in Shanghai saw a surge in their Renminbi deposit service, with the balance of Renminbi deposits in these banks increasing by 57.1% from last year, 26.4 percentage points more than the growth rate of last year.

 

The outstanding bullish performance in the securities markets has drawn1 many people to take their money out of banks and put it in the stock markets. Although the central bank raised the interest rate last month, both the fixed2 and current deposits declined in the first quarter, with Renminbi savings3 dropping by 3.685 billion yuan.

 

Statistics from the central bank show that as Renminbi appreciation4 quickens, companies and residents in Shanghai are unwilling5 to keep foreign currencies. In March, the foreign currency deposits declined sharply by 886 million US dollars in a single month.

 

At the same time, the amount of newly released loans in Renminbi and foreign currencies both hit a historical high point. During the first quarter, the amount of new loans equalled to nearly half of the total new loans issued last year.

 
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1 drawn MuXzIi     
v.拖，拉，拔出；adj.憔悴的，紧张的
参考例句：
  • All the characters in the story are drawn from life.故事中的所有人物都取材于生活。
  • Her gaze was drawn irresistibly to the scene outside.她的目光禁不住被外面的风景所吸引。
2 fixed JsKzzj     
adj.固定的，不变的，准备好的；(计算机)固定的
参考例句：
  • Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
  • Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。
3 savings ZjbzGu     
n.存款，储蓄
参考例句：
  • I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
  • By this time he had used up all his savings.到这时，他的存款已全部用完。
4 appreciation Pv9zs     
n.评价；欣赏；感谢；领会，理解；价格上涨
参考例句：
  • I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。
5 unwilling CjpwB     
adj.不情愿的
参考例句：
  • The natives were unwilling to be bent by colonial power.土著居民不愿受殖民势力的摆布。
  • His tightfisted employer was unwilling to give him a raise.他那吝啬的雇主不肯给他加薪。

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