According to the data released by the State Administration of foreign exchange on the 17th, the surplus of foreign exchange settlement and sales of banks in April was 19 billion US dollars, which was equivalent to the monthly average level in the first quarter; The non banking sector had a surplus of foreign-related revenue and expenditure of US $16.2 billion, an increase of 57% month on month. "Under the current complex environment at home and abroad, China's cross-border capital flows continue to have a net inflow situation." Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, said that at present, China's cross-border capital flow situation is generally stable. Under the comprehensive influence of domestic and foreign factors, it is mainly from the high inflow in the early stage to the balanced flow. Wang Chunying introduced that basic surpluses such as current account and direct investment continue to play a basic role in stabilizing cross-border capital flows. "The recent two-way adjustment of cross-border securities investment flows will not affect the overall balance of cross-border capital flows, nor will it affect the general direction of foreign investors steadily increasing their holdings of RMB assets." With regard to the recent fluctuation of RMB exchange rate, Wang Chunying believes that the recent depreciation of RMB exchange rate is a phased short-term change, which does not change the overall characteristics of two-way fluctuation of RMB exchange rate and maintaining basic stability at a reasonable and balanced level. "In recent years, the demand of overseas central banks and funds tracking international indexes for the allocation of RMB assets has increased significantly. The International Monetary Fund recently increased the weight of RMB in the special drawing right (SDR) from 10.92% in 2016 to 12.28%, which fully reflects the recognition and confidence of the international community in the development of China's economy and financial market." Wang Chunying said. Wang Chunying said that under the current circumstances, serving the real economy is one of the priorities of the safe. On the one hand, accelerate the implementation of the foreign exchange support policies that have been issued, and actively respond to the facilitation policy demands of foreign-funded enterprises and other market entities; On the other hand, urge financial institutions to respond to the exchange rate hedging needs of foreign trade enterprises, especially small and medium-sized enterprises, and reduce the hedging cost of enterprises. Wang Chunying also reminded relevant enterprises to strengthen the concept of risk neutrality of exchange rate, not to bet on the direction and range of short-term rise and depreciation of exchange rate, let alone try to speculate and arbitrage. The foreign exchange management department will also continue to vigorously support enterprises to strengthen exchange rate risk management, encourage enterprises to expand RMB cross-border settlement, and take multiple measures to improve the exchange rate hedging ability of small and medium-sized enterprises. (Xinhua News Agency)