国家外汇局局长朱鹤新：人民币在跨境贸易中占比升至近30%

Core Insights - The foreign exchange market in China has shown stability and resilience since the start of the 14th Five-Year Plan, with the RMB's share in cross-border trade increasing from 16% to nearly 30% [1][4] Group 1: Cross-Border Transactions - The scale of cross-border receipts and payments in China is projected to reach 14 trillion USD in 2024, representing a 64% increase from 2020, with an average annual growth rate 8 percentage points higher than during the 13th Five-Year Plan [3] - In the first eight months of this year, cross-border receipts and payments grew by 10% year-on-year, indicating sustained activity in cross-border trade and investment [3] Group 2: Foreign Exchange Market Development - The foreign exchange trading volume is expected to reach 41 trillion USD in 2024, a 37% increase from 2020, with both spot and derivative trading experiencing growth [3] - As of June this year, 703 banks and 115 non-bank institutions, including 296 foreign institutions, are participating in the interbank foreign exchange market [3] Group 3: Market Stability and Future Outlook - The RMB exchange rate has become more flexible, functioning as an "automatic stabilizer" for the macro economy and international payments, with the proportion of corporate foreign exchange hedging rising from 17% in 2020 to around 30% [4] - The long-term positive fundamentals of the Chinese economy and steady progress in high-level opening-up are expected to support a stable balance of international payments, enhancing the resilience of the foreign exchange market [4]