中国外汇市场韧性持续增强（锐财经）

Core Insights - The foreign exchange market in China is projected to reach a trading volume of $41 trillion in 2024, representing a 37.4% increase from 2020 [1] - The scale of cross-border receipts and payments is expected to be $14 trillion in 2024, marking a 64% growth compared to 2020 [1] - From 2021 to mid-2025, net foreign investment inflow into China is anticipated to exceed $740 billion [1] Group 1: International Balance of Payments - China's international balance of payments has maintained basic equilibrium, which is crucial for promoting internal and external economic balance [2] - The average annual scale of goods trade imports and exports from 2021 to 2024 is nearly $6 trillion, a 43% increase compared to the average during the 13th Five-Year Plan [2] - The net foreign investment inflow into China from 2021 to mid-2025 is over $740 billion, with external financial assets exceeding $11 trillion and liabilities over $7.2 trillion by mid-2025 [2] Group 2: Resilience of the Foreign Exchange Market - The resilience of the foreign exchange market has improved, enhancing its ability to withstand external shocks [3] - The percentage of enterprises using foreign exchange hedging has increased from 17% in 2020 to approximately 30% [3] - The share of the renminbi in cross-border trade has risen from 16% to nearly 30%, significantly reducing foreign exchange risk exposure for enterprises [3] Group 3: Efficient Allocation of Foreign Exchange Resources - The foreign exchange market has become more complete and deeper, with a variety of products available, including spot, forward, swap, and options [4] - As of mid-2023, 703 banks and 115 non-bank institutions are participating in the interbank foreign exchange market, including 296 foreign institutions [4] - The renminbi has maintained its position as the fifth most traded currency globally, with a global trading share of 8.5%, an increase of 1.5 percentage points since 2022 [4] Group 4: Benefits for Enterprises and Citizens - The State Administration of Foreign Exchange has focused on optimizing policy supply to enhance convenience for enterprises and citizens during the 14th Five-Year Plan period [5] - By September 2025, approximately $4.7 trillion in convenience-related transactions have been processed nationwide [6] - The introduction of a "one-stop" service for trade foreign exchange business management aims to reduce the administrative burden on enterprises [6]