作为地区外汇外贸主渠道银行，中国银行苏州分行发挥全球化优势，优化金融供给、创新服务模 式，为地区外贸保稳提质贡献金融力量。今年1至10月，该行已累计为地区进出口企业投放各类融资逾 1400亿元。 加大授信支持 发挥特色优势 合力推动共建"一带一路" 企业能够"拿下"海外大额项目，银行保函是竞标和履约的"硬性门槛"。今年，苏州一家企业获取非 洲莫桑比克招标信息后，紧急筹备投标工作，急需开立投标保函。苏州中行迅速组建专项服务小组，为 企业制定详尽的"分步走"方案，短短3天就完成了资料准备、账户开立、授信审批等多个环节，在投标 时间内为企业开出保函，为企业参与国际竞标提供了坚实信用背书。"中行的这三份保函真是雪中送 炭，为我们开拓市场业务解了燃眉之急！"企业负责人赞叹不已。今年1至10月，苏州中行已累计为地区 企业开立涉外保函超42亿元，服务覆盖61个共建"一带一路"国家和地区。 汇率风险是外贸企业发展中不可避免的挑战。苏州中行充分发挥专业优势，设立多家"汇率风险中 性示范网点"，组建专家团队，为外贸企业量身定制远期、期权、掉期等套期保值产品组合，提供"一站 式"汇率避险服务，助力提升外贸企业汇率风险管理水平。目前 ...

Core Insights - Since the beginning of the "14th Five-Year Plan," China's foreign exchange sector has effectively coordinated development and security, steadily advancing high-level openness, which provides strong support for constructing a new development pattern [1] Group 1: International Balance of Payments - China's international balance of payments has become more stable, with a reasonable ratio of current account surplus to GDP [1] - By the end of July, foreign institutions and individuals held over 10 trillion yuan in domestic stocks, bonds, and deposits [1] Group 2: Cross-Border Capital Flows - In 2024, China's cross-border capital flow scale is projected to reach 14 trillion USD, a 64% increase from 2020, with an average annual growth rate 8 percentage points higher than during the "13th Five-Year Plan" [2] - The trading volume in the foreign exchange market is expected to be 41 trillion USD in 2024, a 37% increase from 2020, indicating sufficient capacity to accommodate various transactions [2] Group 3: Foreign Exchange Market Resilience - The ratio of enterprises using 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% [2] - The macro-prudential management system of the foreign exchange market is gradually improving, with a richer toolbox for counter-cyclical adjustments [2] Group 4: Future Outlook - The long-term positive fundamentals of China's economy and steady progress in high-level openness lay a solid foundation for a stable international balance of payments [3] - The foreign exchange reserve has remained stable above 3 trillion USD, exceeding 3.2 trillion USD in recent years, serving as an important stabilizer for the national economy [4]

Core Viewpoint - The foreign exchange market in China has shown strong resilience and vitality in the first half of the year, with significant growth in cross-border income and expenditure, exceeding market expectations [1][2]. Group 1: Foreign Exchange Market Performance - In the first half of the year, the total cross-border income and expenditure of non-bank sectors reached $7.6 trillion, a year-on-year increase of 10.4%, marking a historical high for the same period [1]. - The net inflow of cross-border funds for non-bank sectors was $127.3 billion, continuing the trend of net inflows observed since the second half of last year [1]. - The foreign exchange market maintained a basic balance in supply and demand, with a bank settlement and sale deficit of $25.3 billion, transitioning from a deficit in January to a surplus in May and June [1]. Group 2: Policy and Reform Initiatives - The State Administration of Foreign Exchange (SAFE) has made progress in facilitating cross-border trade and investment, with over $700 billion in related businesses processed in the first half of the year, a year-on-year increase of 11% [2]. - Six new banks have initiated foreign exchange business reforms, bringing the total to 22 banks, which have identified over 20,000 first-class clients, an increase of 23% from the end of last year [2]. - The foreign exchange management policies have been expanded to include small and medium-sized enterprises, enhancing the convenience of cross-border trade [2][3]. Group 3: Foreign Investment Trends - Foreign investment in RMB-denominated assets has remained stable, with foreign holdings of domestic RMB bonds exceeding $600 billion, at a historically high level [2]. - In the first half of the year, foreign investors net increased their holdings of domestic stocks and funds by $10.1 billion [2]. - The market value of domestic bonds and stocks held by foreign investors accounts for approximately 3%-4%, with expectations for gradual increases in foreign allocations to RMB assets supported by multiple positive factors [2]. Group 4: Future Outlook - The foreign exchange market is expected to maintain stable operations, supported by high-quality economic development, steady progress in opening up, and increasing resilience in the foreign exchange market [3]. - The RMB exchange rate is likely to remain stable at a reasonable and balanced level under favorable conditions [3].

Core Viewpoint - The recent meeting organized by the Bank of China in Zibo aims to enhance foreign exchange financial services and support foreign trade enterprises in adapting to new international trade conditions, thereby improving their ability to utilize facilitation policies and manage trade risks [1][2]. Group 1: Meeting Overview - The meeting titled "Intelligent Empowerment, Benefiting Enterprises and People" was attended by over 70 foreign trade enterprises [1]. - Key speakers included representatives from the State Administration of Foreign Exchange Zibo Branch, China Export & Credit Insurance Corporation Shandong Branch, and the Bank of China Shandong Branch, who discussed foreign exchange facilitation policies, international trade risk prevention, and recent financial market exchange rate trends [1]. Group 2: Policy Implementation and Support - The Zibo Branch of the State Administration of Foreign Exchange has been actively promoting the facilitation of cross-border trade and investment, launching the "Lu Trade Exchange Service Team" to enhance policy communication and service delivery to enterprises [2]. - The Bank of China Zibo Branch has played a significant role in creating a favorable foreign exchange management environment, helping enterprises convert policy benefits into development momentum and enhancing their satisfaction with policies [2]. Group 3: Enterprise Feedback - Attendees expressed that the event provided a deeper understanding of current trade facilitation policies and financial products, establishing a communication platform between banks and enterprises, which is beneficial for leveraging facilitation policies for high-quality development [2].