China's non-resident yuan deposits top 1t yuan

BEIJING -- China's non-resident yuan deposits had reached 1.07 trillion yuan ($173 billion) by the end of the second quarter, according to data released on Tuesday by the State Administration of Foreign Exchange (SAFE).

Of the deposits, 497.1 billion yuan came from individuals, according to the SAFE.

This is the second time that the SAFE has published non-resident deposit figures, a move motivated by efforts to make foreign exchange statistics more transparent. The first was the release of the year's first-quarter figures on June 26.

In a separate statement, the SAFE said net inflows of overseas investment to China's financial institutions reached $442 million in the second quarter while net outflows of the country's financial institutions stood at $135 million.