China's yuan funds outstanding for foreign exchange soared to CNY21.52tn ($3.2tn) for H1 2018, rising by CNY9.1bn ($1.34bn) from April to May and by CNY7.61bn ($1.1bn) from May to June, according to China's central bank. The People's Bank of China (PBOC) has been buying up large amounts of the renminbi in recent months as part of a campaign to prop up its currency against the dollar.
China's yuan funds outstanding for foreign exchange soared to CNY21.52tn ($3.2tn) for H1 2018, rising by CNY9.1bn ($1.34bn) from April to May and by CNY7.61bn ($1.1bn) from May to June, according to China's central bank. These funds are a significant indicator of cross-border foreign capital flows and domestic yuan liquidity, and so any increase generally means eased capital flight pressure.