Core Insights - The foreign exchange market in China showed a robust performance in July, with a settlement surplus of 22.8 billion USD, indicating market resilience and stability [1][3][4] Group 1: Market Performance - In July, banks settled 233.6 billion USD and sold 210.8 billion USD, resulting in a settlement surplus of 22.8 billion USD [1] - The settlement and sales volumes increased by 12% and 16% respectively compared to the previous month, maintaining a surplus trend [3] - The cross-border income and expenditure of non-bank sectors reached historical highs, reflecting a balanced state of receipts and payments [5] Group 2: Market Expectations - Market participants exhibited rational behavior, with a slight increase in settlement willingness and stable sales willingness, supporting stable market expectations [4] - The active trading environment indicates enhanced confidence among various market participants despite increased volatility in the international foreign exchange market [4] Group 3: Cross-Border Capital Flows - The cross-border capital flow remained stable, with a slight deficit of 0.077 billion USD in July, indicating no significant inflow or outflow [5] - The net inflow from goods trade increased by 33% month-on-month, showcasing strong performance in foreign trade and improved international competitiveness [5] - Cumulative surplus of 119.5 billion USD in cross-border receipts and payments over the first seven months further confirms the stability and sustainability of capital flows [5]
7月结售汇顺差228亿美元,跨境收支创历史新高,市场预期稳定
Sou Hu Cai Jing·2025-08-16 10:38