【金融街发布】国家外汇局局长朱鹤新：“十四五”期间我国外汇市场运行平稳 活力和韧性都在增强

Core Insights - The foreign exchange market in China has shown stability and resilience since the 14th Five-Year Plan, with significant growth in cross-border receipts and foreign exchange market trading volume projected for 2024 [1][2] Group 1: Cross-Border Receipts and Foreign Exchange Market - In 2024, China's cross-border receipts are expected to reach $14 trillion, a 64% increase from 2020, with an average annual growth rate 8 percentage points higher than during the 13th Five-Year Plan [1] - The foreign exchange market trading volume is projected to be $41 trillion in 2024, reflecting a 37% increase from 2020, with both spot and derivative trading growing simultaneously [1] Group 2: Market Participation and Infrastructure - As of June 2023, 703 banks and 115 non-bank institutions, including 296 foreign institutions, are participating in the interbank foreign exchange market, covering major currencies to meet diverse trading needs [2] - Continuous improvements in trading, clearing, and payment mechanisms have effectively reduced transaction costs and settlement risks, better serving the real economy [2] Group 3: Market Stability and Future Outlook - The RMB exchange rate has shown increased flexibility, with its share in cross-border trade rising from 16% to nearly 30%, enhancing the resilience of the foreign exchange market [2] - The macro-prudential management system of the foreign exchange market is gradually improving, providing a robust framework to manage external risks and challenges [2]