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外汇局最新公布!8月外资总体净买入境内股票和债券
Core Insights - The foreign exchange market in China remained stable in August 2025, with active trading and balanced supply and demand [1][2] Group 1: Market Activity - In August 2025, non-bank sectors, including enterprises and individuals, conducted cross-border receipts and payments totaling $1.3 trillion, reflecting an 8% year-on-year increase [1] - Both current account and capital account cross-border receipts and payments saw growth, indicating steady development in cross-border trade and investment [1] Group 2: Supply and Demand Balance - In August 2025, there was a net inflow of $3.2 billion in cross-border funds, with a surplus of $14.6 billion in bank foreign exchange settlement and sales [1] - The net inflow from goods trade remained stable, while foreign investment in domestic stocks and bonds showed a net buying trend [1] Group 3: Bank Transactions - In August 2025, banks settled foreign exchange receipts amounting to 15,103 billion RMB and foreign exchange sales of 14,058 billion RMB [1] - From January to August 2025, cumulative bank foreign exchange receipts reached 113,938 billion RMB, while cumulative sales were 113,078 billion RMB [1] Group 4: Customer Transactions - In August 2025, banks recorded foreign-related income of 45,515 billion RMB and foreign payments of 45,284 billion RMB [2] - For the period from January to August 2025, cumulative foreign-related income was 372,219 billion RMB, with cumulative payments at 363,400 billion RMB [2]
国家外汇局:8月银行结汇15103亿元人民币,售汇14058亿元人民币
Yang Shi Wang· 2025-09-19 09:58
Core Insights - In August 2025, banks in China reported a settlement of 15,103 billion RMB and a sale of 14,058 billion RMB [1] - From January to August 2025, the cumulative settlement reached 113,938 billion RMB, while cumulative sales totaled 113,078 billion RMB [1] - In USD terms, banks settled 2,118 billion USD and sold 1,971 billion USD in August 2025 [1] - The cumulative settlement in USD from January to August 2025 was 15,886 billion USD, with cumulative sales at 15,765 billion USD [1] Foreign Exchange Income and Payments - In August 2025, banks recorded foreign income of 45,515 billion RMB and foreign payments of 45,284 billion RMB [1] - For the period from January to August 2025, the cumulative foreign income was 372,219 billion RMB, while cumulative foreign payments were 363,400 billion RMB [1] - In USD, foreign income in August 2025 was 6,383 billion USD, with foreign payments at 6,350 billion USD [1] - The cumulative foreign income in USD from January to August 2025 was 51,893 billion USD, and cumulative payments were 50,665 billion USD [1]
国家外汇管理局:今年1—8月银行累计结汇113938亿元人民币
Sou Hu Cai Jing· 2025-09-19 09:08
Core Insights - In August 2025, banks in China reported a settlement of 15,103 billion RMB and a sale of 14,058 billion RMB [1] - From January to August 2025, the cumulative settlement reached 113,938 billion RMB, while cumulative sales totaled 113,078 billion RMB [1] - In USD terms, banks settled 2,118 billion USD and sold 1,971 billion USD in August 2025 [1] - The cumulative settlement in USD from January to August 2025 was 15,886 billion USD, with cumulative sales at 15,765 billion USD [1] Foreign Exchange Income and Payments - In August 2025, banks recorded foreign-related income of 45,515 billion RMB and foreign payments of 45,284 billion RMB [1] - For the period from January to August 2025, the cumulative foreign-related income was 372,219 billion RMB, while cumulative foreign payments were 363,400 billion RMB [1] - In USD terms, foreign-related income in August 2025 was 6,383 billion USD, with foreign payments at 6,350 billion USD [1] - The cumulative foreign-related income in USD from January to August 2025 was 51,893 billion USD, and cumulative payments were 50,665 billion USD [1]
国家外汇管理局:8月银行结汇15103亿元人民币 售汇14058亿元人民币
Core Insights - The State Administration of Foreign Exchange (SAFE) reported data on bank foreign exchange settlement and sales for August 2025, indicating significant foreign exchange activities in the banking sector [1] Group 1: Bank Foreign Exchange Settlement and Sales - In August 2025, banks settled foreign exchange amounting to 15,103 billion RMB and sold 14,058 billion RMB [1] - From January to August 2025, cumulative bank settlements reached 113,938 billion RMB, while cumulative sales totaled 113,078 billion RMB [1] - In USD terms, banks settled 2,118 million USD and sold 1,971 million USD in August 2025 [1] - Cumulatively, from January to August 2025, banks settled 15,886 million USD and sold 15,765 million USD [1] Group 2: Bank Customer Foreign Exchange Income and Payments - In August 2025, banks recorded foreign exchange income of 45,515 billion RMB and foreign payments of 45,284 billion RMB [1] - Cumulatively, from January to August 2025, banks had total foreign exchange income of 372,219 billion RMB and total foreign payments of 363,400 billion RMB [1] - In USD terms, foreign exchange income for August 2025 was 6,383 million USD, with payments at 6,350 million USD [1] - From January to August 2025, cumulative foreign exchange income was 51,893 million USD, while cumulative payments were 50,665 million USD [1]
国家外汇管理局:8月银行结汇15103亿元 售汇14058亿元人民币
智通财经网· 2025-09-19 08:50
Core Insights - The State Administration of Foreign Exchange (SAFE) released data on bank foreign exchange settlement and sales for August 2025, indicating significant foreign exchange activity in the banking sector [1] Group 1: Bank Foreign Exchange Settlement and Sales - In August 2025, banks settled foreign exchange amounting to 15,103 billion RMB and sold 14,058 billion RMB [1] - From January to August 2025, cumulative bank settlements reached 113,938 billion RMB, while cumulative sales totaled 113,078 billion RMB [1] - In USD terms, banks settled 2,118 million USD and sold 1,971 million USD in August 2025 [1] - Cumulatively, from January to August 2025, banks settled 15,886 million USD and sold 15,765 million USD [1] Group 2: Bank Customer Foreign Exchange Income and Payments - In August 2025, banks recorded foreign exchange income from customers of 45,515 billion RMB and foreign payments of 45,284 billion RMB [1] - Cumulatively, from January to August 2025, banks had total foreign exchange income of 372,219 billion RMB and total foreign payments of 363,400 billion RMB [1] - In USD terms, customer foreign exchange income in August 2025 was 6,383 million USD, while foreign payments were 6,350 million USD [1] - From January to August 2025, cumulative foreign exchange income reached 51,893 million USD and cumulative payments totaled 50,665 million USD [1]
管涛:当前人民币汇率并未积累较强的升值压力和预期
Jing Ji Guan Cha Bao· 2025-08-24 09:27
Core Viewpoint - The article discusses the fluctuations in the Chinese yuan (RMB) exchange rate amid uncertainties in U.S. trade policy and Federal Reserve interest rate expectations, highlighting the impact on cross-border capital flows and the overall economic environment [1][2][3]. Exchange Rate Trends - In July, the RMB exchange rate continued to show narrow fluctuations, with the CFETS RMB index and BIS currency basket index rising by 1.5% and 1.8% respectively, ending a six-month decline [1] - The SDR currency basket index also reversed a previous decline of 0.9% to increase by 1.5% [1] - Despite these increases, the three major exchange rate indices fell by 4.6%, 4.3%, and 3.2% respectively in the first seven months of the year, indicating that the RMB's passive appreciation has not adversely affected export competitiveness [1] Currency Market Dynamics - The RMB central parity rate strengthened for the third consecutive month in July, while the onshore spot exchange rate fell by 0.4% to around 7.19 [2] - The average deviation between the central parity and onshore spot rates increased from 0.1% to 0.3%, the highest in three months [2] - The average onshore exchange rate rose by 0.1% to 7.1727, marking the third consecutive month of appreciation [2] Cross-Border Capital Flows - In July, banks recorded a foreign exchange payment deficit of $7.7 billion, with the RMB payment deficit increasing to $43.3 billion, the third highest on record [3] - The foreign currency payment surplus decreased to $35.6 billion, but remained historically high [3] - The main contributor to the deficit was securities investment, which accounted for 160% of the shift from surplus to deficit [3] Foreign Investment Trends - Foreign investment in Chinese stocks has increased, while there has been a significant reduction in holdings of RMB-denominated bonds, leading to record high outflows [2][3] - The reduction in bond holdings is attributed to a narrowing of forward dollar discounts, which decreased the attractiveness of RMB bond investments [3] Forward Exchange Transactions - In July, banks recorded a surplus in forward foreign exchange transactions for the fifth consecutive month, with a surplus of $45.6 billion, the highest in five months [4] - The increase in surplus was primarily driven by foreign exchange derivatives transactions, which rose by $16 billion [4] Overall Market Sentiment - The article indicates that the market does not exhibit strong expectations for RMB appreciation despite previous trends, suggesting a potential for slight depreciation pressure on the currency [2][5] - The overall supply of foreign exchange in the domestic market is believed to be greater than the reported surplus, indicating a more complex market dynamic [5]
管涛:汇率延续窄幅波动,跨境资金流动生变——7月外汇市场分析报告
Sou Hu Cai Jing· 2025-08-23 03:50
Core Viewpoint - In July, the uncertainty of U.S. tariff policies continued to increase global trade uncertainty, but market reactions weakened, leading to a rebound in the U.S. dollar index and a slight depreciation of the onshore RMB exchange rate, while the average exchange rate continued to strengthen. However, market participants did not accumulate expectations for a rebound [1][2]. Exchange Rate and Currency Trends - The U.S. dollar index rose by 3.4% in July, ending a five-month decline, reaching a high of 100.0, the highest since late May [2]. - The onshore RMB exchange rate fell by 0.4% to around 7.19, while the average exchange rate increased by 0.1% to 7.1727, marking the third consecutive month of appreciation [3]. - The CFETS RMB exchange rate index and the BIS currency basket reference index both ended a six-month decline, rising by 1.5% and 1.8% respectively [3]. Cross-Border Capital Flows - In July, there was a small net outflow of cross-border funds, with foreign investment in stock assets increasing, while foreign investors significantly reduced their holdings of RMB-denominated bonds, leading to a historical high in the scale of cross-border RMB and securities investment expenditures [7][8]. - The foreign investment in domestic stock markets increased from a net inflow of $1.2 billion in June to $2.7 billion in July [8]. Foreign Investment Behavior - Foreign investors reduced their holdings of RMB-denominated bonds for the third consecutive month, with the reduction scale reaching a historical high of 303.9 billion yuan [9]. - The average one-year USD/RMB forward discount narrowed significantly, leading to a decrease in the attractiveness of RMB bonds for foreign investors [9]. Banking and Forex Market Dynamics - In July, the banking sector recorded a surplus in foreign exchange settlement and sales for the fifth consecutive month, with a surplus of $45.6 billion, the highest in five months [13]. - The willingness of market participants to accumulate foreign exchange decreased, as indicated by a decline in the balance of foreign currency deposits in financial institutions [15]. Trade and Payment Trends - The surplus in goods trade increased by $22.6 billion to $89.4 billion, the second highest on record, due to a significant increase in foreign income [10]. - The service trade recorded a deficit increase of $2.8 billion, reflecting increased outbound demand during the summer [11].
7月银行结汇16700亿元
Jin Rong Shi Bao· 2025-08-18 00:50
Core Insights - The State Administration of Foreign Exchange reported that in July 2025, banks settled 16,700 billion RMB and sold 15,070 billion RMB [1] - From January to July 2025, banks cumulatively settled 98,835 billion RMB and sold 99,020 billion RMB [1] Currency Settlement - In July 2025, banks settled 2,336 billion USD and sold 2,108 billion USD [1] - Cumulatively from January to July 2025, banks settled 13,768 billion USD and sold 13,793 billion USD [1] Foreign Exchange Income and Payments - In July 2025, banks recorded foreign income of 49,357 billion RMB and foreign payments of 49,909 billion RMB [1] - From January to July 2025, cumulative foreign income was 326,705 billion RMB and cumulative foreign payments were 318,116 billion RMB [1] Foreign Exchange Income and Payments in USD - In July 2025, banks recorded foreign income of 6,904 billion USD and foreign payments of 6,981 billion USD [1] - Cumulatively from January to July 2025, foreign income was 45,510 billion USD and foreign payments were 44,315 billion USD [1]
七月份外汇市场运行平稳
Sou Hu Cai Jing· 2025-08-16 22:53
Core Insights - In July, banks in China reported a settlement of 16,700 billion yuan and a sale of 15,070 billion yuan, indicating a continued surplus in foreign exchange transactions [1] - The foreign exchange market in China has remained stable, with a month-on-month increase of 12% in settlement and 16% in sales, resulting in a surplus of 22.8 billion USD [1] - Cross-border capital flows have been generally stable, with non-bank sectors maintaining high levels of income and expenditure, leading to a balanced flow [1] Group 1 - In July, the net inflow of funds from goods trade increased by 33%, maintaining a high operational level [1] - The net outflow of funds from service trade and investment income rose by 34% and 7% respectively, attributed to seasonal factors such as summer travel and corporate dividend payouts [1] - The overall foreign exchange market is characterized by stable expectations and active trading, with a slight increase in the settlement rate and a stable sale rate among enterprises and individuals [1]
7月结售汇延续顺差态势跨境资金流动总体稳定
Zheng Quan Shi Bao· 2025-08-15 17:50
Core Insights - The foreign exchange market in China showed stable expectations and orderly transactions in July 2025, with non-bank sector cross-border receipts at historical highs [1][2] - The net inflow of funds from goods trade increased by 33% month-on-month, maintaining a high operational level [1][2] Group 1: Bank Settlement and Foreign Exchange - In July, banks settled foreign exchange with a total of 233.6 billion USD and sold 210.8 billion USD, representing month-on-month increases of 12% and 16% respectively [1] - The exchange settlement rate for enterprises and individuals slightly increased, while the selling rate remained stable, indicating stable market expectations and active trading [1] Group 2: Cross-Border Fund Flows - In July, the scale of bank customer foreign-related receipts reached 690.4 billion USD, with payments of 698.1 billion USD, resulting in a slight deficit of 7.7 billion USD, reflecting a balanced cross-border fund flow [2] - Cumulative surplus for the first seven months was 119.5 billion USD, indicating a continued net inflow of cross-border funds [2] Group 3: Market Resilience and Economic Development - Despite increased volatility in the international foreign exchange market, the steady progress of high-quality economic development in China and the enhanced resilience of the foreign exchange market are expected to support stable market operations [2]