10月外汇市场保持稳健运行态势

Core Viewpoint - The foreign exchange market in China remains stable, with a balanced supply and demand, as indicated by the data released by the State Administration of Foreign Exchange (SAFE) for October, showing a surplus in bank settlement and sales of foreign exchange [1] Group 1: Foreign Exchange Market Performance - In October, banks settled 214.2 billion USD and sold 196.5 billion USD, resulting in a settlement surplus of 17.7 billion USD, which has narrowed compared to previous months [1] - The settlement and sales rates are consistent with the average levels observed in the first nine months of the year, indicating a more balanced foreign exchange activity [1] Group 2: Cross-Border Capital Flows - Cross-border capital flows remained stable, with a slight net outflow in September due to holiday factors, followed by an increase in net inflows in October, leading to an average monthly surplus of 24 billion USD over the two months [1] - High levels of net inflow from trade in goods were maintained, while seasonal declines were noted in cross-border expenditures related to travel and foreign enterprise dividends [1] Group 3: Market Outlook - The Deputy Director of SAFE, Li Bin, noted an increase in volatility in international financial markets and a general rise in the US dollar index since October [1] - Overall, the expectations for China's foreign exchange market remain stable, with a balanced supply and demand, showcasing strong resilience and vitality [1]