ChineseEnglish
    SAFE News
    • Index number:
      000014453-2023-0041
    • Dispatch date:
      2023-05-15
    • Publish organization:
      State Administration of Foreign Exchange
    • Name:
      SAFE Deputy Administrator and Press Spokesperson Wang Chunying Answers Media Questions on Foreign Exchange Receipts and Payments for April 2023
    SAFE Deputy Administrator and Press Spokesperson Wang Chunying Answers Media Questions on Foreign Exchange Receipts and Payments for April 2023

    The State Administration of Foreign Exchange (SAFE) has recently released data on foreign exchange settlement and sales by banks as well as cross-border receipts and payments by non-banking sectors in April 2023. The SAFE Deputy Administrator and Press Spokesperson Wang Chunying answered media questions on China's foreign exchange receipts and payments of April 2023.

    Q: Could you brief us on China's foreign exchange receipts and payments in April 2023?

    A: In general, China's foreign exchange market operated smoothly, and the supply and demand of foreign exchange within the country remained basically balanced. In April, the foreign exchange settlement and sales by banks registered a surplus of USD 5.5 billion, while the cross-border receipts and payments by non-banking sectors, including enterprises and individuals, were roughly unchanged from the previous month. Considering factors like forward settlement, option trading, and banks' foreign exchange positions, the supply and demand of domestic foreign exchange were basically in balance.

    Market expectations remained stable, and the transactions in China's foreign exchange market were rational and orderly. In April, on the one hand, the foreign exchange settlement rate, the measurement of customers' desire to settle foreign exchange, or the ratio of foreign exchange sold by customers to banks to foreign exchange received by customers, reached 72%, which was 8 percentage points higher than the monthly average in the first quarter of this year. On the other hand, the foreign exchange sales rate, which measures customers' desire to buy foreign exchange, or the ratio of foreign exchange purchased by customers from banks to foreign-related foreign exchange payments made by customers, stood at 71%, up by 3 percentage points over the monthly average in the first quarter of this year. In April, there was an increase in the willingness of enterprises and other market entities to settle and sell foreign exchange. This shows that there was an expectation of renminbi exchange rate stability and that transactions on the foreign exchange market were being carried out rationally. As a result, there was an independent balance between the supply and demand for foreign exchange.

    Cross-border capital flows under the current account continued to play a fundamental role in stabilizing the foreign exchange market, while capital flows under the capital account remained stable and orderly. In April, the cross-border trade surplus in goods reached USD 29.3 billion, still at a relatively high level. Meanwhile, the cross-border trade deficit in services registered USD 6.3 billion, basically at the same level as the average monthly scale in the first quarter. The cross-border travel expenditure of residents recovered orderly, but still lower than the pre-epidemic level. Under the capital account, foreign direct investment (FDI) in China maintained a net inflow in April, and overseas investors purchased domestic securities for two consecutive months. This indicates that China's economic development prospects and the value of RMB assets further enhanced the confidence of global investors. Meanwhile, China's outbound direct investment (ODI) and outbound portfolio investment remained stable and orderly.

    Looking forward to the future, the foundation for long-term stability in China's foreign exchange market is expected to remain strong. China's commitment to pursuing progress while ensuring stability has resulted in a stable economic recovery, demonstrating steady and sound growth momentum and improved expectations. These economic fundamentals have become increasingly supportive of the foreign exchange market. Furthermore, the spillover effects of monetary policy tightening in major developed economies are expected to weaken gradually. With increased market maturity and rationality among market participants in recent years, China's foreign exchange market has developed tremendous resilience, allowing it to better react to changes in the external environment.

    The English translation may only be used as a reference. In case a different interpretation of the translated information contained in this website arises, the original Chinese shall prevail.

    Contact Us | For Home | Join Collection

    State Administration of Foreign Exchange

    主站蜘蛛池模板: 国产在线观看免费完整版中文版| 波多野结衣在线不卡| 御书宅自由小说阅读无弹窗| 人妖在线精品一区二区三区| 18男男gay同性视频| 成人午夜精品无码区久久| 低头看我是怎么c哭你的| 高清国产美女**毛片在线| 成人午夜视频精品一区| 亚洲人成在线中文字幕| 西西人体www高清大胆视频| 小小在线观看视频www软件| 久草手机在线播放| 波多野结衣教师中文字幕| 啊灬啊灬啊灬快灬深用力| 99RE6这里有精品热视频| 成年性午夜免费视频网站不卡| 亚洲av永久中文无码精品综合| 理论片高清免费理论片| 国产真实伦在线观看| 丰满妇女做a级毛片免费观看| 男人j进入女人j内部免费网站 | 亚洲一区电影在线观看| 篠田优在线一区中文字幕| 国产亚洲精品精品国产亚洲综合| shkd-443夫の目の前で犯| 欧美性bbwbbw| 免费h视频在线观看| 九九视频在线观看6| 在线观看国产91| 久久精品免费全国观看国产| 欧美精品免费在线| 免费人成在线观看网站| 老师邪恶影院a啦啦啦影院| 国产成人欧美一区二区三区| 2022久久国产精品免费热麻豆| 日本videos18高清hd下| 亚洲综合在线另类色区奇米| 美女扒开粉嫩尿口漫画| 国产免费a级片| 国产视频你懂得|