In August, the bank's foreign exchange settlement and sales and foreign related income and expenditure were in surplus

2022-09-20

According to the data released by the State Administration of Foreign Exchange recently, in August, China's foreign exchange market showed strong resilience, and the bank's foreign exchange settlement and sales and foreign related income and expenditure were in surplus. Among them, the surplus of foreign exchange settlement and sales of banks was $25 billion, and the surplus of foreign income and expenditure of enterprises, individuals and other non bank sectors was $11.3 billion, both higher than the monthly average level since this year. Specifically, in August, the bank settled foreign exchange of 233.5 billion dollars and sold foreign exchange of 208.4 billion dollars; Foreign related income of bank agents was US $561.9 billion, and foreign payments were US $550.6 billion. From January to August, the accumulated settlement of foreign exchange by banks was 1782.7 billion dollars, and the accumulated sales of foreign exchange was 1673.3 billion dollars; The accumulated foreign income of bank agents is 4236.2 billion dollars, and the accumulated external payment is 4152.7 billion dollars. "In August, market expectations remained stable, and foreign exchange market transactions were rational and orderly." Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesman, said that recently, non US currencies have generally depreciated against the background of the strengthening of the US dollar, the RMB exchange rate has been relatively stable, and the relevant indicators reflecting exchange rate expectations in the foreign exchange market have operated steadily. In August, the settlement exchange rate (the ratio of customers' foreign exchange sales to banks to customers' foreign exchange income), which measures their willingness to settle foreign exchange, was 71%, 3 percentage points higher than the monthly average since this year, indicating that market entities maintained a rational trading mode of "settlement at high prices" and their willingness to settle foreign exchange was enhanced; The rate of foreign exchange sales (the ratio of customers' foreign exchange purchases from banks to customers' foreign exchange expenditures), which measures their willingness to sell foreign exchange, is 67%, basically the same as the monthly average since this year, and the willingness of market entities to purchase foreign exchange is generally stable. Wang Chunying introduced that in August, the net inflow of cross-border funds under goods trade continued to be relatively large, and the inflow of foreign capital through direct investment and other channels increased steadily. Among them, the cross-border trade surplus in goods was 55.2 billion US dollars, up 31% compared with July; The net inflow of direct investment in China increased compared with that in July. The situation of foreign investors investing in domestic bonds and stock markets continued to improve, highlighting the long-term investment value of China's market and RMB assets. Wang Chunying said that the current international situation is complex and severe, and the world economic growth has slowed down significantly. China has effectively coordinated epidemic prevention and control and economic and social development. A package of policies and measures to stabilize the economy has been put into effect. The national economy has continued to recover, and the fundamentals of long-term improvement have not changed. At the same time, China's balance of payments structure has become more stable, the market-oriented adjustment mechanism has become increasingly mature, foreign exchange market participants have become more rational, and the comprehensive ability to cope with changes in the external environment has been further improved, laying a solid foundation for the smooth operation of China's foreign exchange market. (Reporter Qiu Haifeng) (News Agency)

Edit:Luo yu    Responsible editor:Wang er dong

Source:People's Daily

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