Group 1 - The foreign exchange market in China has shown strong resilience and vitality, performing better than market expectations in the first half of the year [1] - The total cross-border income and expenditure of non-bank sectors reached $7.6 trillion, a year-on-year increase of 10.4%, marking a historical high for the same period [1] - The net inflow of cross-border funds for non-bank sectors was $127.3 billion, continuing the net inflow trend observed since the second half of last year [1] Group 2 - The State Administration of Foreign Exchange (SAFE) has made significant progress in promoting the facilitation of cross-border trade and investment, with over $700 billion in related facilitation business processed nationwide, a year-on-year increase of 11% [2] - The number of banks participating in foreign exchange business reform has reached 22, with over 20,000 clients classified as primary clients, an increase of 23% from the end of last year [2] - Foreign investment in RMB-denominated assets has remained stable, with foreign holdings of domestic RMB bonds exceeding $600 billion and a net increase of $10.1 billion in foreign investment in domestic stocks and funds in the first half of the year [2] Group 3 - The SAFE has expanded cross-border trade facilitation policy trials to more free trade zones, including support for banks to optimize international trade settlement and simplify business processes [3] - New policies to enhance cross-border investment and financing have been introduced, including direct management of foreign debt registration by banks and shared foreign debt quotas for financing leasing companies [3] Group 4 - Economic high-quality development, steady progress in opening up, and increasing resilience of the foreign exchange market are expected to support the continued stable operation of China's foreign exchange market [4]
上半年涉外收支规模稳步增加——有韧性有活力 外汇市场平稳运行
Ren Min Ri Bao·2025-07-30 22:26