证券时报记者 贺觉渊 中国人民银行副行长、国家外汇局局长朱鹤新9月22日在国新办新闻发布会上介绍"十四五"时期金融业 发展成就时表示，近年来面对高波动的国际市场环境，我国跨境资金流动总体均衡，人民币汇率在主要 货币中表现比较稳健。我国外汇市场运行平稳，不论是活力还是韧性都在增强。展望未来，外汇局应对 外部风险挑战的底气更足。 "十四五"以来，国际金融市场波动加大，我国外汇市场运行平稳。朱鹤新介绍，从市场活力看，2024 年，我国跨境收支规模为14万亿美元，较2020年增长64%，"十四五"时期年均增长速度比"十三五"时期 提高8个百分点。今年前8个月，我国跨境收支同比增长10%，跨境贸易和投融资活动持续活跃。 从市场韧性看，企业外汇套期保值的比率已经由2020年的17%上升到30%左右，人民币在跨境贸易中的 占比由16%上升到近30%。朱鹤新进一步指出，近年来面对高波动的国际市场环境，我国跨境资金流动 总体均衡，人民币汇率在主要货币中的表现比较稳健。 "展望未来，我国经济基本面长期向好，高水平对外开放稳步推进，这奠定了国际收支自主平衡格局的 稳定。"朱鹤新表示，随着人民币汇率市场化形成机制不断完善，外汇市场宏 ...

7月末境外机构和个人持有境内股票、债券、存贷款超10万亿元，人民币在跨境贸易中占比升至近30%，我国外汇储备规模近两年始终稳定在3.2万亿美元 以上…… 中国人民银行副行长、国家外汇局局长朱鹤新9月22日在国新办"高质量完成'十四五'规划"系列主题新闻发布会上提到的这些数据，部分凸显出我国外汇 领域近年来的发展活力与韧性。 "十四五"以来，国际政治、经济、社会等多元因素交织，外部环境更趋严峻复杂，国际金融市场波动加大。朱鹤新总结我国外汇市场运行表现时说，我国 外汇市场运行平稳，不论是活力还是韧性都在增强，主要有三方面特点。 一是涉外经济稳健发展，跨境收支展现较强活力。"跨境收支可以反映一个国家涉外经济的活跃度。"朱鹤新介绍说，2024年，我国跨境收支规模为14万亿 美元，较2020年增长64%，"十四五"期间年均增长速度比"十三五"期间提高8个百分点。今年前8个月，我国跨境收支同比增长10%，跨境贸易和投资持续 活跃。 二是外汇市场功能更加完备，市场深度拓展。朱鹤新具体表示，从交易规模看，2024年交易量为41万亿美元，较2020年增长了37%，即期和衍生品交易同 步增长，外汇市场有足够的容量承接各类交易，为 ...

Core Viewpoint - The Chinese banking sector has achieved significant milestones over the past five years, with a focus on maintaining financial stability and supporting economic recovery through a supportive monetary policy framework [7][8][9]. Group 1: Banking Sector Achievements - As of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first in the world [9]. - The stock and bond markets are the second largest globally, while foreign exchange reserves have maintained the top position for 20 consecutive years [7][9]. - The growth rates for loans to technology-based SMEs, inclusive small micro loans, and green loans have exceeded 20% annually during the "14th Five-Year Plan" period [9]. Group 2: Monetary Policy and Financial Stability - The People's Bank of China emphasizes a supportive monetary policy stance, aiming for liquidity sufficiency and reduced financing costs to bolster consumption and investment [8][10]. - The number of financing platforms has decreased by over 60%, and financial debt has dropped by more than 50% compared to the beginning of 2023 [10]. - The bond market has maintained a low default rate, and the overall market operation remains stable [10][11]. Group 3: Financial Services to the Real Economy - The banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy over the past five years [12][13]. - Key areas such as scientific research loans, long-term loans for manufacturing, and infrastructure loans have seen annual growth rates of 27.2%, 21.7%, and 10.1%, respectively [13]. - The balance of inclusive small micro enterprise loans has reached 36 trillion yuan, which is 2.3 times that of the end of the "13th Five-Year Plan" [13]. Group 4: Regulatory Enhancements - The financial regulatory framework has been strengthened through comprehensive oversight, including institutional, behavioral, functional, and continuous regulation [15]. - The financial sector has effectively managed risks, with a significant reduction in high-risk institutions and assets compared to peak levels [15]. - Support for affordable housing and rental housing projects has exceeded 1.6 trillion yuan, with loans for housing construction surpassing 7 trillion yuan [15]. Group 5: Foreign Exchange Market Developments - The foreign exchange market has shown stability, with cross-border receipts and payments reaching 14 trillion USD in 2024, a 64% increase from 2020 [21]. - The trading volume in the foreign exchange market is projected to reach 41 trillion USD in 2024, reflecting a 37% growth since 2020 [21]. - The proportion of the renminbi in cross-border trade has increased from 16% to nearly 30%, indicating enhanced market resilience [21][22].

Group 1 - The People's Bank of China reported that multiple financial indicators rank among the top globally, with total banking assets nearing 470 trillion yuan, the largest in the world [2][3] - The banking and insurance sectors provided an additional 170 trillion yuan in funding to the real economy during the "14th Five-Year Plan" period [2][3] - The average annual growth rates for loans to technology-based SMEs, inclusive small micro loans, and green loans exceeded 20% [2][3] Group 2 - Loans for scientific research technology, medium to long-term loans for manufacturing, and infrastructure loans grew at average rates of 27.2%, 21.7%, and 10.1% respectively [3] - Insurance funds invested over 5.4 trillion yuan in stocks and equity funds, representing an 85% increase from the end of the "13th Five-Year Plan" [3] - The real estate financing coordination mechanism's "white list" project loans exceeded 7 trillion yuan, supporting the construction and delivery of nearly 20 million housing units [3] Group 3 - The foreign exchange market has shown stability, with the holdings of foreign institutions and individuals in domestic stocks, bonds, and deposits exceeding 10 trillion yuan [3] - The proportion of the renminbi in cross-border trade increased from 16% to nearly 30%, indicating enhanced resilience in the foreign exchange market [3] - The market-oriented formation mechanism of the renminbi exchange rate is continuously improving, with more effective macro-prudential management in the foreign exchange market [3]

从市场韧性看，企业外汇套期保值的比率已经由2020年的17%上升到30%左右，人民币在跨境贸易中的 占比由16%上升到近30%。朱鹤新进一步指出，近年来面对高波动的国际市场环境，我国跨境资金流动 总体均衡，人民币汇率在主要货币中的表现比较稳健。 中国人民银行副行长、国家外汇局局长朱鹤新9月22日在国新办新闻发布会上介绍"十四五"时期金融业 发展成就时表示，近年来面对高波动的国际市场环境，我国跨境资金流动总体均衡，人民币汇率在主要 货币中表现比较稳健。我国外汇市场运行平稳，不论是活力还是韧性都在增强。展望未来，外汇局应对 外部风险挑战的底气更足。 "十四五"以来，国际金融市场波动加大，我国外汇市场运行平稳。朱鹤新介绍，从市场活力看，2024 年，我国跨境收支规模为14万亿美元，较2020年增长64%，"十四五"时期年均增长速度比"十三五"时期 提高8个百分点。今年前8个月，我国跨境收支同比增长10%，跨境贸易和投融资活动持续活跃。 "展望未来，我国经济基本面长期向好，高水平对外开放稳步推进，这奠定了国际收支自主平衡格局的 稳定。"朱鹤新表示，随着人民币汇率市场化形成机制不断完善，外汇市场宏观审慎管理更加有效，外 ...

Core Viewpoint - The press conference highlighted the achievements of China's financial industry during the "14th Five-Year Plan" period, emphasizing the stability and growth of the financial sector while indicating that no short-term policy adjustments would be discussed at this time [1][5]. Monetary Policy - The People's Bank of China (PBOC) maintains a supportive monetary policy stance, focusing on balancing domestic and international factors, with significant improvements in financial services for the real economy [3][5]. - The average annual growth rate for loans to technology-based small and medium-sized enterprises, inclusive finance for small businesses, and green loans exceeded 20% during the "14th Five-Year Plan" [3]. - As of June 2023, the number of financing platforms has decreased by over 60%, and the scale of financial debt has dropped by over 50%, indicating a significant reduction in local government financing platform risks [3]. Financial Market - The total assets of the banking and insurance sectors have surpassed 500 trillion yuan, with an average annual growth rate of 9% over the past five years [6]. - The banking and insurance sectors provided an additional 170 trillion yuan in funding to the real economy through various financial instruments [6][7]. - The insurance industry has paid out over 150 billion yuan in claims related to natural disasters during the "14th Five-Year Plan" period, demonstrating its role as an economic stabilizer [7]. Capital Market - The total market capitalization of A-shares exceeded 100 trillion yuan for the first time in August 2023, with direct financing's share rising to 31.6% [10]. - The technology sector now accounts for over 25% of the A-share market capitalization, significantly higher than the combined market capitalization of banking, non-bank financials, and real estate [10]. - Over the past five years, listed companies have distributed a total of 10.6 trillion yuan in dividends and buybacks, reflecting a substantial increase compared to the "13th Five-Year Plan" period [10]. Foreign Exchange Market - China's foreign exchange reserves have remained stable above 3 trillion USD, with a balanced international payment situation and a current account surplus to GDP ratio maintained within a reasonable range [13][14]. - The proportion of enterprises using foreign exchange hedging has increased from 17% in 2020 to 30%, indicating enhanced resilience in the foreign exchange market [14]. - The RMB's share in cross-border trade has risen from 16% to nearly 30%, showcasing the currency's growing international presence [14].

Core Viewpoint - The press conference highlighted the achievements of China's financial sector during the "14th Five-Year Plan" period, emphasizing the stability and resilience of the foreign exchange market amidst a complex external environment [1][2][3] Group 1: Achievements in Foreign Exchange Sector - The foreign exchange sector has effectively balanced development and security, supporting the new development pattern with a stable foreign exchange reserve above $3 trillion [1] - The cross-border capital flow has shown strong vitality, with a projected cross-border payment scale of $14 trillion in 2024, a 64% increase from 2020, and an average annual growth rate 8 percentage points higher than the previous five-year period [1] - The foreign exchange market has maintained stability, with increased market vitality and resilience, characterized by a balanced international payment and a reasonable current account surplus to GDP ratio [1] Group 2: Market Functionality and Structure - The foreign exchange market has expanded significantly, with a trading volume of $41 trillion in 2024, a 37% increase from 2020, and a diverse range of participants including 703 banks and 115 non-bank institutions [2] - The infrastructure for trading, clearing, and payment has improved, reducing transaction costs and settlement risks, thereby better serving the real economy [2] - The rational and orderly trading in the foreign exchange market has enhanced its stability, with the proportion of enterprises using foreign exchange hedging rising from 17% in 2020 to around 30% [2] Group 3: Future Outlook - The long-term positive economic fundamentals and steady high-level opening up will support a stable international payment balance, while the market-oriented formation mechanism of the RMB exchange rate continues to improve [3] - Enhanced macro-prudential management of the foreign exchange market will provide a stronger foundation for healthy development in the "15th Five-Year Plan" period [3]

Core Viewpoint - The foreign exchange market in China is showing signs of stability and balance, with significant data indicating a surplus in both bank settlement and foreign exchange transactions for August 2025 [1][2][3]. Group 1: Bank Settlement and Foreign Exchange Data - In August 2025, banks settled foreign exchange transactions amounting to 1.51 trillion yuan, with sales reaching 1.41 trillion yuan, resulting in a surplus [1]. - Cumulatively from January to August 2025, banks settled 11.39 trillion yuan and sold 11.31 trillion yuan, indicating a consistent surplus in bank settlement [1]. - The foreign exchange transactions in August, when converted to USD, showed settlements of 211.8 billion and sales of 197.1 billion, with a cumulative total of 1.59 trillion and 1.58 trillion USD respectively for the first eight months [2]. Group 2: Cross-Border Transactions - In August, the foreign exchange income from clients was 4.55 trillion yuan, while payments were 4.53 trillion yuan, also reflecting a surplus [1]. - For the first eight months, the cumulative foreign exchange income was 37.22 trillion yuan, with payments at 36.34 trillion yuan, indicating a positive balance [1]. - The non-bank sector's cross-border receipts reached 1.3 trillion USD in August, marking an 8% year-on-year increase, with both current and capital account transactions growing [2]. Group 3: Market Activity and Trends - The foreign exchange market is described as active, with a net inflow of 3.2 billion USD in August and a bank settlement surplus of 14.6 billion USD [2]. - The Shanghai region led in bank settlement with 42.6 billion USD in settlements and 50.9 billion USD in sales for August [3]. - The securities investment project recorded a settlement surplus of 4.6 billion USD in August, reversing a previous deficit, closely linked to the strong performance of the A-share market [5]. Group 4: Trade and Consumption - China's total goods trade value for the first eight months of 2025 reached 29.57 trillion yuan, reflecting a 3.5% year-on-year growth [4]. - The increase in inbound consumption is supported by policies aimed at attracting more foreign visitors, with a notable rise in the number of foreign nationals entering China [6]. - The implementation of new policies to enhance service consumption is expected to further boost inbound spending and improve the foreign exchange surplus [6].

一是涉外经济稳健发展，跨境收支展现较强活力。跨境收支可以反映一个国家涉外经济的活跃度。2024 年，我国跨境收支规模为14万亿美元，较2020年增长64%，年均增长速度"十四五"比"十三五"时期提高 8个百分点。今年前8个月，我国跨境收支同比增长10%，跨境贸易和投融资活动持续活跃。 新华财经北京9月22日电（记者翟卓、刘玉龙）国家外汇局数据显示，2024年，我国跨境收支规模及外 汇市场交易量分别为14万亿美元、41万亿美元，较2020年增长64%、37%；企业外汇套期保值的比率也 已由2020年的17%上升到30%左右...... 国家外汇局局长朱鹤新22日在国新办新闻发布会上表示，总的看，"十四五"以来，我国外汇市场运行平 稳，不论是活力还是韧性都在增强。未来国家外汇局将为"十五五"我国外汇市场健康发展提供更加坚实 保障。 二是外汇市场功能更加完备，市场深度拓展。从交易规模看，2024年交易量为41万亿美元，较2020年增 长了37%，即期和衍生品交易同步增长，外汇市场有足够的容量承接各类交易，为高效配置外汇资源创 造良好条件。 从参与主体看，据介绍，截止到今年6月末，已经有703家银行和115家非银机构 ...

北京商报讯(记者刘四红)9月22日，国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发布会，介 绍"十四五"时期金融业发展成就。中国人民银行副行长、国家外汇管理局局长朱鹤新在会上的表态，引发市场 的广泛关注，也为后续外汇市场与人民币汇率走向提供重要指引。 "十四五"以来，外汇领域有效统筹发展和安全，稳步推进高水平开放，为构建新发展格局提供有力支持。 国际收支运行方面，面对更趋复杂严峻的外部环境，我国涉外经济顶住压力、稳定发展，对外经贸呈现多元 化格局、韧性增强。国际收支基本平衡，经常账户顺差与GDP之比保持在合理区间。跨境双向投融资活跃，7 月末境外机构和个人持有境内股票、债券、存贷款超10万亿元。 外汇服务实体经济质效方面，"越诚信越便利"的外汇服务环境更加优化。支持银行根据企业信用状况，采用相 应的便利化措施，业务办理时间大幅缩短。朱鹤新介绍，其中，凭指令即可办理业务的企业数较2020年末增 长5倍以上。取消贸易外汇收支名录登记等行政许可，外汇局行政许可业务笔数下降超70%。 同时，开放环境下的监管能力和风险防控能力也在持续增强。在持续深化外汇市场发展的同时，外汇局不断 完善外汇市场"宏观审慎 ...