MNI: PBOC FX Purchase Position Rises as Inflow Increases

--PBOC Forex Purchase Position Up CNY4.48 Billion In January

     BEIJING (MNI) - The People's Bank of China forex purchase position saw an

on month pick up in January, as forex purchases by market players grew following

the strong performance of the yuan against the U.S dollar.  

FX purchase positions held by the PBOC rose by CNY4.48 billion from December to

CNY21.48 trillion in January, according to data released by the central bank on

Wednesday.

-There was a fall of CNY36.319 billion in December. 

-Total FX reserves increased $22.51 billion in January. 

-The yuan appreciated 3.38% against the green back, marking the biggest monthly

gain since 1994, when China completed a major overhaul to its currency regime by

unifying its dual exchange rates into a single one.

--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: MAQDS$,M$A$$$,M$Q$$$]