聚焦人民币汇率、来华投资、自贸试验区……外汇局发布会速览

Core Insights - The foreign exchange market in China is expected to maintain stable and sustainable growth for foreign investment in RMB assets, with confidence in the ability to ensure a robust market operation [1][5] Group 1: Foreign Exchange Market Performance - In the first half of 2025, the foreign exchange market showed resilience, with record high cross-border income and expenditure from non-bank sectors [1] - There is no significant unilateral expectation for the appreciation or depreciation of the RMB, indicating rational and orderly market trading [2] Group 2: Investment Trends - From January to May 2025, net inflows of direct investment in equity from foreign sources reached $31.1 billion, a year-on-year increase of 16% [3] - Foreign investment in RMB-denominated bonds has increased, with foreign holdings exceeding $600 billion, and net foreign purchases of domestic stocks and funds amounted to $10.1 billion in the first half of 2025 [4] Group 3: Policy Initiatives - The State Administration of Foreign Exchange plans to promote innovative policies across more free trade zones to enhance cross-border trade and investment [6] - Policies include optimizing international trade settlement and expanding the scope of trade revenue and expenditure netting [6]