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Non-resident yuan deposits reach 1.5t yuan

China's non-resident deposits reached 1.47 trillion yuan ($238.78 billion) by the end of June 2014, according to the latest foreign exchange data.

Of the deposits, [Company Registration in USA]532.4 billion yuan came from individuals, the State Administration of Foreign Exchange (SAFE) said in an online statement on Friday.

The SAFE began to publish non-resident deposit figures last year to make foreign exchange statistics more transparent. Such deposits reached 1.36 trillion yuan by the end of 2013.

In a separate statement on Friday, the SAFE said the net influx of overseas investment to China's financial institutions dropped slightly to 1.98 billion yuan in the second quarter, [HK Corporate Registration]compared with 2.17 billion yuan in the first quarter.

In April-June, Chinese financial institutions posted a net outflow of 1.72 billion yuan in direct oversea investment in US dollar, according to the SAFE.

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