9月23日人民币对美元中间价报7.1057元 上调49个基点 来源：中国新闻网 编辑：郭晋嘉 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 中新网9月23日电 据中国外汇交易中心网站消息，中国人民银行授权中国外汇交易中心公布，2025年9月23日银行间外汇市场人民币汇率中间价为：1美元对 人民币7.1057元，上调49个基点。 图源：中国外汇交易中心网站截图 ...

中国经济网北京9月23日讯 来自中国外汇交易中心的数据显示，今日人民币对美元汇率中间价报 7.1057，较前一交易日调升49个基点。 中国人民银行授权中国外汇交易中心公布，2025年9月23日银行间外汇市场人民币汇率中间价为：1美元 对人民币7.1057元，1欧元对人民币8.3877元，100日元对人民币4.8108元，1港元对人民币0.91451元，1 英镑对人民币9.6040元，1澳大利亚元对人民币4.6891元，1新西兰元对人民币4.1696元，1新加坡元对人 民币5.5450元，1瑞士法郎对人民币8.9690元，1加拿大元对人民币5.1400元，人民币1元对1.1268澳门 元，人民币1元对0.59106马来西亚林吉特，人民币1元对11.7621俄罗斯卢布，人民币1元对2.4404南非兰 特，人民币1元对195.75韩元，人民币1元对0.51684阿联酋迪拉姆，人民币1元对0.52779沙特里亚尔，人 民币1元对46.3917匈牙利福林，人民币1元对0.50747波兰兹罗提，人民币1元对0.8900丹麦克朗，人民币 1元对1.3165瑞典克朗，人民币1元对1.3956挪威克朗，人民币1元对5.8252 ...

Core Insights - The foreign exchange market in China has shown stability and resilience since the start of the 14th Five-Year Plan, with the RMB's share in cross-border trade increasing from 16% to nearly 30% [1][4] Group 1: Cross-Border Transactions - The scale of cross-border receipts and payments in China is projected to reach 14 trillion USD in 2024, representing a 64% increase from 2020, with an average annual growth rate 8 percentage points higher than during the 13th Five-Year Plan [3] - In the first eight months of this year, cross-border receipts and payments grew by 10% year-on-year, indicating sustained activity in cross-border trade and investment [3] Group 2: Foreign Exchange Market Development - The foreign exchange trading volume is expected to reach 41 trillion USD in 2024, a 37% increase from 2020, with both spot and derivative trading experiencing growth [3] - As of June this year, 703 banks and 115 non-bank institutions, including 296 foreign institutions, are participating in the interbank foreign exchange market [3] Group 3: Market Stability and Future Outlook - The RMB exchange rate has become more flexible, functioning as an "automatic stabilizer" for the macro economy and international payments, with the proportion of corporate foreign exchange hedging rising from 17% in 2020 to around 30% [4] - The long-term positive fundamentals of the Chinese economy and steady progress in high-level opening-up are expected to support a stable balance of international payments, enhancing the resilience of the foreign exchange market [4]

Core Insights - The foreign exchange market in China has shown stability and resilience during the "14th Five-Year Plan" period, with significant improvements in its functionality and depth [3][4]. Group 1: Market Performance - The cross-border receipts and payments in China are projected to reach $14 trillion in 2024, a 64% increase from 2020, with an average annual growth rate 8 percentage points higher than during the "13th Five-Year Plan" [3]. - The trading volume in the foreign exchange market is expected to be $41 trillion in 2024, a 37% increase from 2020, with both spot and derivative trading growing simultaneously [3]. Group 2: Market Structure and Participants - As of June 2023, there are 703 banks and 115 non-bank institutions participating in the interbank foreign exchange market, including 296 foreign institutions [3]. - The infrastructure for trading, clearing, and payment mechanisms has been continuously improved, effectively reducing transaction costs and settlement risks [3]. Group 3: Market Stability and Future Outlook - The ratio of corporate foreign exchange hedging has increased from 17% in 2020 to around 30%, while the proportion of the renminbi in cross-border trade has risen from 16% to nearly 30% [4]. - The long-term positive fundamentals of the Chinese economy and the steady progress of high-level opening-up are expected to support a stable international balance of payments [4]. - The foreign exchange reserves have remained stable above $3.2 trillion for nearly two years, serving as a crucial stabilizer for the national economy [5].

Core Viewpoint - The loan market's two-term Loan Prime Rate (LPR) has remained unchanged for four consecutive months, with expectations for a more flexible monetary policy in China due to the Federal Reserve's recent interest rate cuts [1] Group 1: Monetary Policy Implications - Experts believe that the Federal Reserve's initiation of interest rate cuts since December 2024 will provide a more accommodative liquidity environment globally [1] - The potential for further rate cuts by the Federal Reserve before the end of the year may alleviate pressure on the interest rate differential between China and the U.S., as well as on the RMB exchange rate [1] - Reduced external constraints are expected to create a more favorable environment for adjustments in China's monetary policy [1]

Core Insights - The People's Bank of China and the State Administration of Foreign Exchange reported that China's cross-border capital flows have remained generally balanced despite high volatility in international markets, with the RMB exchange rate performing steadily against major currencies [1][2] - The cross-border receipts and payments scale is projected to reach $14 trillion in 2024, a 64% increase from 2020, with an average annual growth rate during the 14th Five-Year Plan period being 8 percentage points higher than the previous period [1] - The ratio of enterprises using foreign exchange hedging has increased from 17% in 2020 to around 30%, and the RMB's share in cross-border trade has risen from 16% to nearly 30% [1] Market Resilience - The international balance of payments has remained fundamentally balanced during the 14th Five-Year Plan, with the current account surplus to GDP ratio staying within a reasonable range [2] - Foreign exchange reserves have consistently remained above $3 trillion, stabilizing at over $3.2 trillion in recent years, serving as a crucial stabilizer for the national economy and finance [2] - The State Administration of Foreign Exchange has facilitated nearly $4.6 trillion in trade-related foreign exchange receipts and payments since the beginning of the 14th Five-Year Plan [2] Policy Initiatives - The foreign exchange authority has implemented reforms to enhance the efficiency of trade foreign exchange receipts and payments, as well as to promote high-level openness in cross-border trade and investment [2] - Efforts to improve the convenience of cross-border investment and financing have led to nearly $300 billion in related transactions during the 14th Five-Year Plan [2] - The foreign exchange business reform has included over 23,000 quality clients from small and medium-sized enterprises, private enterprises, and foreign-funded enterprises, with cumulative transactions exceeding $500 billion [2]

Core Insights - The foreign exchange market in China has shown resilience and vitality, with significant growth in cross-border capital flows and foreign investments [1][3][5] Group 1: Foreign Exchange Market Performance - As of July, foreign institutions and individuals held over 10 trillion yuan in domestic stocks, bonds, and deposits, with the RMB's share in cross-border trade rising to nearly 30% [1][5] - The cross-border capital flow is projected to reach 14 trillion USD in 2024, a 64% increase from 2020, with an average annual growth rate during the "14th Five-Year Plan" period 8 percentage points higher than the previous period [3][4] - The trading volume in the foreign exchange market is expected to be 41 trillion USD in 2024, a 37% increase from 2020, indicating a deepening market with sufficient capacity for various transactions [3][4] Group 2: Market Structure and Functionality - The foreign exchange market has become more complete and deepened, with 703 banks and 115 non-bank institutions participating, including 296 foreign institutions [3][4] - The infrastructure for trading, clearing, and payment has improved, effectively reducing transaction costs and settlement risks, thereby better serving the real economy [3][4] Group 3: Stability and Management - The RMB exchange rate has shown increased flexibility, acting as an automatic stabilizer for the macro economy and international balance of payments, with the corporate foreign exchange hedging ratio rising from 17% in 2020 to around 30% [4][5] - The macro-prudential management system for the foreign exchange market is gradually improving, with enhanced counter-cyclical adjustment tools to manage external risks [4][5] Group 4: Future Outlook - The long-term positive fundamentals of the Chinese economy and steady high-level opening-up are expected to support a stable international balance of payments [4][6] - The foreign exchange reserve has remained stable above 3 trillion USD, providing a strong foundation for economic stability and growth [6]

Core Viewpoint - The Loan Prime Rate (LPR) has remained unchanged for four consecutive months, with the 1-year LPR at 3.0% and the 5-year LPR at 3.5%, aligning with market expectations [2] Group 1: Current LPR Situation - The stability of LPR is attributed to the unchanged policy rates and the lack of motivation for banks to lower LPR spreads due to historical low net interest margins [2][4] - Recent increases in medium to long-term market interest rates, such as the AAA-rated interbank certificates of deposit and 10-year government bond yields, have influenced market expectations [2] Group 2: Future Outlook - Experts predict potential downward adjustments in policy rates and LPR by the end of the year to stimulate domestic demand and stabilize the real estate market [3] - The easing of external constraints due to potential interest rate cuts by the Federal Reserve may provide a more favorable environment for China's monetary policy adjustments [2][5] Group 3: Constraints on LPR Changes - The decline of LPR is constrained by factors such as bank interest margins, which could be negatively impacted by rapid LPR decreases, and the already low levels of deposit rates [4] - The current low levels of newly issued loan rates further limit the space for reducing deposit rates [4] Group 4: Monetary Policy Strategy - The central bank is expected to maintain a balanced approach, focusing on internal and external factors while implementing moderately loose monetary policies, with a preference for reserve requirement ratio cuts over interest rate reductions [5] - Future LPR changes will need to balance multiple objectives, including growth stabilization, interest margin maintenance, and foreign trade stability [5]

Core Insights - The People's Bank of China and the State Administration of Foreign Exchange reported that China's cross-border capital flows have remained generally balanced despite high volatility in international markets, with the RMB exchange rate showing stability among major currencies [1][2] Group 1: Market Performance - In 2024, China's cross-border receipts and payments are projected to reach $14 trillion, a 64% increase from 2020, with an average annual growth rate during the 14th Five-Year Plan period being 8 percentage points higher than the previous period [1] - In the first eight months of this year, cross-border receipts and payments increased by 10% year-on-year, indicating sustained activity in cross-border trade and investment [1] - The ratio of enterprises using foreign exchange hedging has risen from 17% in 2020 to approximately 30%, while the RMB's share in cross-border trade has increased from 16% to nearly 30% [1] Group 2: Foreign Exchange Reserves and Stability - China's international balance of payments has remained fundamentally balanced during the 14th Five-Year Plan, with the current account surplus to GDP ratio staying within a reasonable range [2] - Foreign exchange reserves have consistently remained above $3 trillion, stabilizing above $3.2 trillion in recent years, serving as a crucial stabilizer for the national economy and finance [2] Group 3: Policy and Reform Initiatives - The State Administration of Foreign Exchange has implemented reforms to enhance the efficiency of trade foreign exchange receipts and payments, processing nearly $4.6 trillion in related business since the beginning of the 14th Five-Year Plan [2] - To improve cross-border investment and financing convenience, approximately $300 billion in related business has been processed during the same period [2] - The foreign exchange business reform has included over 23,000 quality clients from small and medium-sized enterprises, private enterprises, and foreign-funded enterprises, with cumulative business transactions exceeding $500 billion [2]

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]