Core Viewpoint - The foreign exchange market in China is maintaining stable operations, with significant cross-border income and expenditure levels, and a balanced overall flow in July [1][2]. Group 1: Foreign Exchange Market Performance - In July, banks settled 16,700 billion RMB and sold 15,070 billion RMB, with cumulative settlements from January to July reaching 98,835 billion RMB and sales at 99,020 billion RMB [1]. - The net inflow of funds from goods trade increased by 33% month-on-month, indicating a strong performance in this sector [2]. - The settlement and sale volumes in July showed a month-on-month increase of 12% and 16%, respectively, continuing a surplus trend with a scale of 22.8 billion USD [2]. Group 2: Cross-Border Capital Flows - The cross-border income and expenditure scale for enterprises and individuals in July was at a historical high, with a basic balance in receipts and payments [2]. - The net outflow of funds from service trade and investment income increased by 34% and 7% respectively, attributed to seasonal factors such as summer travel and corporate dividend payouts [2]. Group 3: Market Stability Factors - The stability of market expectations and transactions is highlighted, with a slight increase in the settlement rate and a stable sale rate, reflecting active trading [2]. - The ongoing high-quality economic development and enhanced resilience of the foreign exchange market are expected to support its continued stable operation [2].

Core Viewpoint - The foreign exchange market in China is maintaining stable operations, with significant cross-border income and expenditure levels in July, indicating a balanced flow of funds [1][2]. Group 1: Foreign Exchange Market Performance - In July, the bank's foreign exchange settlement reached 16,700 billion RMB, while the foreign exchange sales amounted to 15,070 billion RMB, showing a month-on-month increase of 12% and 16% respectively [1][2]. - The cumulative foreign exchange settlement from January to July was 98,835 billion RMB, with sales at 99,020 billion RMB, reflecting a slight surplus in the settlement [1]. - The net inflow of funds from goods trade increased by 33% month-on-month, maintaining a high level of operation [1][2]. Group 2: Market Stability and Expectations - The exchange rate expectations and trading activities are stable, with a slight increase in the settlement rate and a steady sales rate among enterprises and individuals [2]. - The overall cross-border capital flow remains stable, with non-bank sectors' income and expenditure at historical highs, indicating a balanced flow [2]. - Factors such as high-quality economic development, steady progress in opening up, and enhanced resilience of the foreign exchange market are expected to support continued stability [2].

Core Insights - The overall cross-border capital flow in China remained stable in July, with non-bank sectors such as enterprises and individuals experiencing high levels of cross-border income and expenditure, resulting in a basic balance [1] - Net inflow of funds from goods trade increased by 33% month-on-month, maintaining a high operational level [1] - Net outflows from service trade and investment income rose by 34% and 7% respectively, attributed to seasonal factors such as summer travel and corporate dividend distributions [1] Financial Market Performance - The foreign exchange market in China operated smoothly in July, with bank settlement and sale volumes increasing by 12% and 16% month-on-month, respectively [1] - The settlement and sale of foreign exchange continued to show a surplus, amounting to 22.8 billion USD [1] - The settlement rate for enterprises and individuals slightly increased, while the sale rate remained stable, indicating orderly market expectations and transactions [1]