国家外汇管理局：2-3月外资净增持境内债券269亿美元，同比增长84%

Core Viewpoint - The foreign exchange management authority indicates that the cross-border capital flow remains stable and orderly in the first quarter of 2025, highlighting resilience in foreign trade and increased foreign investment in domestic bonds [1] Group 1: Cross-Border Capital Flow - The net inflow of cross-border funds under goods trade increased significantly, reaching 206.3 billion USD in the first quarter, a year-on-year growth of 120% [1] - Foreign investment in RMB-denominated bonds has increased, with a net increase of 26.9 billion USD in domestic bonds from February to March, representing an 84% year-on-year increase, and a net purchase of 33.2 billion USD from April 1 to 18, maintaining a high scale [1] Group 2: Service Trade and Foreign Enterprise Profits - The net outflow of cross-border funds in service trade grew by 25% year-on-year in the first quarter, with a 12% increase in net outflow under travel [1] - The profit remittance of foreign enterprises is at a seasonal low, showing a year-on-year decline of 7% [1]