Core Viewpoint - In September 2025, China's foreign exchange market showed a significant increase in both bank settlement and sales, with a surplus of 510 billion USD, indicating a robust and balanced foreign exchange environment [1][3][4]. Group 1: Bank Settlement and Sales Data - In September 2025, banks settled 18,809 billion RMB (approximately 2,647 billion USD) and sold 15,183 billion RMB (approximately 2,136 billion USD), resulting in a settlement surplus of 3,626 billion RMB (approximately 510 billion USD) [1]. - From January to September 2025, banks cumulatively settled 185,330 million USD and sold 179,010 million USD [1][2]. - The bank's foreign-related income in September was 48,409 billion RMB, while foreign payments were 48,629 billion RMB [1]. Group 2: Cross-Border Fund Flows - In September, the total cross-border income and expenditure for non-bank sectors reached 1.37 trillion USD, reflecting a 7% month-on-month increase [3]. - The net outflow of cross-border funds was 31 billion USD in September, which has since turned into a net inflow in October [3]. - The total scale of foreign-related income and expenditure for the first three quarters of the year reached 11.6 trillion USD, marking a historical high for the same period [3]. Group 3: Trade and Investment Trends - In September, China's total import and export value was 4.04 trillion RMB, with exports growing by 8.4% and imports by 7.5% year-on-year [4]. - The A-share market saw a total trading volume of 6.8 trillion RMB in September, indicating a significant increase and setting a new high [4]. - Experts predict that the upcoming peak in corporate financial settlements and profit distributions will likely lead to an increase in bank settlement volumes, potentially supporting the appreciation of the RMB [4]. Group 4: Market Dynamics and Future Outlook - The foreign exchange market is expected to remain stable, with a balanced supply and demand situation, despite potential complexities from seasonal factors and policy adjustments [5]. - The shift from an export-driven economy to one focused on domestic demand may lead to a decrease in the contribution of trade surpluses to settlement and sales [5]. - The dual characteristics of cross-border investment are becoming more pronounced due to further financial market opening, which will complicate the dynamics of bank settlement and sales [5].

国家外汇管理局10月22日公布的2025年9月银行结售汇和银行代客涉外收付款数据显示，今年前三季度我国 涉外收支总规模为11.6万亿美元，创历史同期新高。9月跨境资金流动保持活跃，外汇市场供求较为平衡。 据国家外汇管理局副局长、新闻发言人李斌介绍，10月以来，跨境资金已转为净流入，银行代客结汇和售 汇大体相当。 今年前三季度，我国跨境资金净流入1197亿美元，银行结售汇顺差632亿美元，均高于上年同期水平。李斌总 结称，面对复杂多变的外部环境，今年以来我国外汇市场稳健运行，市场预期平稳，供求基本平衡，外汇市场 保持着较强的韧性和活力。 银行代客涉外收支规模反映企业、个人等非银行部门跨境资金流动情况。今年9月，企业、个人等非银行部门 跨境收入和支出合计为1.37万亿美元，环比增长7%，继续保持高位水平。其中，9月银行代客涉外收入6812亿 美元，对外付款6843亿美元，小幅逆差31亿 美元。 9月虽然受十一假期对跨境收付的季节性影响，跨境资金呈现小幅净流出。但据李斌介绍，10月以来跨境资金 已转为净流入。 从跨境资金流动主要渠道看，我国外贸稳步增长，9月货物贸易项下资金净流入保持高位；服务贸易、投资收 益等项下 ...

责编：万健祎 校对： 冉燕青 版权声明 银行代客涉外收支规模反映企业、个人等非银行部门跨境资金流动情况。今年9月，企业、个人等非银行 部门跨境收入和支出合计为1.37万亿美元，环比增长7%，继续保持高位水平。其中，9月银行代客涉外收 入6812亿美元，对外付款6843亿美元，小幅逆差31亿元。 虽然9月受十一假期对跨境收付的季节性影响，跨境资金呈现小幅净流出。但据李斌介绍，10月以来跨境 资金已转为净流入。 从跨境资金流动主要渠道看，我国外贸稳步增长，9月货物贸易项下资金净流入保持高位；服务贸易、投 资收益等项下跨境资金流动较为平稳。 今年9月，银行结汇2647亿美元，售汇2136亿美元，当月银行代客结汇和售汇环比均明显增长，企业等主 体根据自身需求灵活开展外汇买卖。从全月走向看，9月结售汇顺差为510亿美元，其中上中旬净结汇较 多，下旬结售汇差额趋向均衡。李斌指出，10月以来银行代客结汇和售汇大体相当，外汇市场供求基本平 衡。 来看9月外汇市场形势。 国家外汇管理局10月22日公布的2025年9月银行结售汇和银行代客涉外收付款数据显示，今年前三季度我 国涉外收支总规模为11.6万亿美元，创历史同期新高。9月 ...

来源：上海证券报·中国证券网 上证报中国证券网讯 据国家外汇管理局22日消息，日前，国家外汇管理局公布了2025年9月银行结售汇 和银行代客涉外收付款数据。国家外汇管理局副局长、新闻发言人李斌就2025年9月外汇市场形势回答 了记者提问。 答：9月我国外汇市场平稳运行，主要呈现两个特点。 一是跨境资金流动保持活跃、均衡态势。9月企业、个人等非银行部门跨境收入和支出合计为1.37万亿 美元，环比增长7%。经常项下和资本项下跨境收支均保持增长态势，显示我国涉外经济稳健发展。受 十一假期对跨境收付的季节性影响，9月跨境资金小幅净流出31亿美元，10月以来已转为净流入。分项 目看，我国外贸稳步增长，9月货物贸易项下资金净流入保持高位；服务贸易、投资收益等项下跨境资 金流动较为平稳。 二是外汇市场供求较为平衡。9月银行代客结汇和售汇环比均明显增长，企业等主体根据自身需求灵活 开展外汇买卖。9月结售汇顺差为510亿美元，其中上中旬净结汇较多，下旬结售汇差额趋向均衡。10月 以来银行代客结汇和售汇大体相当，外汇市场供求基本平衡。 今年前三季度我国涉外收支总规模为11.6万亿美元，创历史同期新高。跨境资金净流入1197亿美元 ...

Core Insights - China's foreign exchange receipts and payments reached a record high of $11.6 trillion in the first three quarters of 2025, marking a year-on-year increase of 10.5% [2][4]. Group 1: Foreign Exchange Data - In September, non-bank sector cross-border receipts and payments totaled $1.37 trillion, reflecting a month-on-month growth of 7% [4]. - The net inflow of cross-border funds for the first three quarters was $119.7 billion, with a bank settlement surplus of $63.2 billion, both outperforming the same period in 2024 [5]. Group 2: Market Stability - The foreign exchange market in China has shown resilience and vitality, maintaining a balanced supply and demand despite complex external pressures [5]. - The net outflow of capital is primarily influenced by domestic entities' foreign investment activities, while trade in goods continues to see high net inflows [4].

Core Viewpoint - The foreign exchange market in China remained stable in September 2025, with active and balanced cross-border capital flows, indicating robust foreign-related economic development [1] Summary by Categories Foreign Exchange Market Performance - In September 2025, the total cross-border income and expenditure of non-bank sectors, including enterprises and individuals, reached $1.37 trillion, reflecting a month-on-month increase of 7% [1] - Both current account and capital account cross-border receipts and payments continued to grow, showcasing the steady development of China's foreign-related economy [1] Cross-Border Capital Flows - Due to seasonal effects from the National Day holiday, there was a slight net outflow of $3.1 billion in cross-border capital in September; however, this trend reversed to a net inflow in October [1] - The net inflow of funds under the goods trade category remained high, indicating steady growth in foreign trade [1] Sectoral Analysis - Cross-border capital flows in service trade and investment income remained relatively stable, contributing to the overall balanced performance of the foreign exchange market [1]

北京商报讯（记者 刘四红）据国家外汇管理局10月22日消息，日前，国家外汇管理局公布了2025年9月 银行结售汇和银行代客涉外收付款数据。国家外汇管理局副局长、新闻发言人李斌就2025年9月外汇市 场形势回答了记者提问。 李斌称，外汇市场供求较为平衡。9月银行代客结汇和售汇环比均明显增长，企业等主体根据自身需求 灵活开展外汇买卖。9月结售汇顺差为510亿美元，其中上中旬净结汇较多，下旬结售汇差额趋向均衡。 10月以来银行代客结汇和售汇大体相当，外汇市场供求基本平衡。 今年前三季度我国涉外收支总规模为11.6万亿美元，创历史同期新高。跨境资金净流入1197亿美元，银 行结售汇顺差632亿美元，均高于上年同期水平。总的来看，面对复杂多变的外部环境，今年以来我国 外汇市场稳健运行，市场预期平稳，供求基本平衡，外汇市场保持着较强的韧性和活力。 ...

Core Insights - China's foreign exchange receipts and payments reached a total of 11.6 trillion USD in the first three quarters of 2025, marking a historical high for the same period and reflecting a year-on-year growth of 10.5% [2][4] Group 1 - The net inflow of cross-border funds amounted to 119.7 billion USD [4] - The surplus in bank foreign exchange sales and purchases was 63.2 billion USD, both figures exceeding those of the previous year [4] - The foreign exchange market in China has demonstrated strong resilience and vitality, with stable operations and expectations throughout the year [4]

智通财经APP获悉，10月22日，国家外汇管理局副局长、新闻发言人李斌就2025年9月外汇市场形势答 记者问。李斌表示，今年前三季度我国涉外收支总规模为11.6万亿美元，创历史同期新高。跨境资金净 流入1197亿美元，银行结售汇顺差632亿美元，均高于上年同期水平。总的来看，面对复杂多变的外部 环境，今年以来我国外汇市场稳健运行，市场预期平稳，供求基本平衡，外汇市场保持着较强的韧性和 活力。 原文如下： 国家外汇管理局副局长、新闻发言人李斌就2025年9月外汇市场形势答记者问 日前，国家外汇管理局公布了2025年9月银行结售汇和银行代客涉外收付款数据。国家外汇管理局副局 长、新闻发言人李斌就2025年9月外汇市场形势回答了记者提问。 问：能否介绍一下9月我国外汇市场运行情况? 答：9月我国外汇市场平稳运行，主要呈现两个特点。 一是跨境资金流动保持活跃、均衡态势。9月企业、个人等非银行部门跨境收入和支出合计为1.37万亿 美元，环比增长7%。经常项下和资本项下跨境收支均保持增长态势，显示我国涉外经济稳健发展。受 十一假期对跨境收付的季节性影响，9月跨境资金小幅净流出31亿美元，10月以来已转为净流入。分项 目看 ...

央视网消息：国家外汇管理局统计数据显示，2025年9月，银行结汇18809亿元人民币，售汇15183 亿元人民币。2025年1-9月，银行累计结汇132747亿元人民币，累计售汇128261亿元人民币。 2025年9月，银行代客涉外收入48409亿元人民币，对外付款48629亿元人民币。2025年1-9月，银行 代客累计涉外收入420628亿元人民币，累计对外付款412029亿元人民币。 按美元计值，2025年9月，银行代客涉外收入6812亿美元，对外付款6843亿美元。2025年1-9月，银 行代客累计涉外收入58705亿美元，累计对外付款57508亿美元。 按美元计值，2025年9月，银行结汇2647亿美元，售汇2136亿美元。2025年1-9月，银行累计结汇 18533亿美元，累计售汇17901亿美元。 国家外汇管理局副局长、新闻发言人李斌就2025年9月外汇市场形势答记者问 日前，国家外汇管理局公布了2025年9月银行结售汇和银行代客涉外收付款数据。国家外汇管理局 副局长、新闻发言人李斌就2025年9月外汇市场形势回答了记者提问。 问：能否介绍一下9月我国外汇市场运行情况？ 答：9月我国外汇市场平稳运 ...