2月26日上午，人民币对美元汇率上涨，在岸、离岸人民币对美元汇率盘中分别升破6.85元、6.84元关口，创2023年5月以来新高。 Wind数据显示，截至11:30，在岸人民币对美元汇率报6.8414元，较前收盘价上涨258个基点，盘中最高报6.8402元；离岸人民币对美元汇率报6.8374元， 较前收盘价上涨171个基点，盘中最高报6.8361元。 图片来源：Wind 对于未来走势，业内人士表示，未来人民币汇率走势受美元走向、国内基本面、资产价值重估等因素影响。 王青表示，2025年美元指数跌幅较大，已对包括美联储降息等在内的各类利空因素有所消化。2026年美元指数有望企稳，美联储新主席人选"降息+缩 表"的主张对美元走势的影响值得关注，人民币对美元被动升值动能可能会减弱。 庞溟表示，国内方面，随着政策继续发力、内需改善、资本市场企稳，人民币资产吸引力将不断增强，推动跨境资金流入。 "人民币汇率大概率延续双向波动、温和升值的特征，但趋势性走强仍需谨慎判断。"庞溟说。 春节假期后，人民币汇率延续强劲表现。2月24日，在岸、离岸人民币对美元汇率分别上涨265个基点、96个基点；2月25日，在岸、离岸人民币对美元 ...

责任编辑：杨喜亭 李斌表示，今年以来，国际金融市场波动和分化加大，我国外汇市场继续稳健运行。跨境资金保持 净流入，规模较上月有所回落。1月份，银行结售汇顺差、企业和个人等非银行部门跨境资金净流入较 上月分别下降20%和28%。受季节性等因素影响，岁末年初企业收款和结汇增加较快，随着需求逐步释 放，近期企业收款和结汇增长放缓。从主要渠道看，1月份，货物贸易项下资金净流入较上月下降 27%，服务贸易项下资金净流出增长23%，证券投资项下资金净流入保持稳定。总的来看，我国外汇市 场交易活跃、预期平稳，跨境资金流动更趋稳定。 日前，国家外汇管理局公布了2026年1月份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2026年1月份外汇市场形势回答了记者提问。 ...

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) reported that in January 2026, banks had a foreign exchange settlement surplus, but there was a decline in net cross-border capital inflows for enterprises and individuals compared to the previous month, primarily due to seasonal factors [1] Group 1: Foreign Exchange Data - In January 2026, banks settled 20,048 billion RMB and sold 14,457 billion RMB in foreign exchange [1] - The foreign exchange income from clients was 54,722 billion RMB, while payments to foreign entities amounted to 48,974 billion RMB [1] Group 2: Market Trends - The SAFE spokesperson, Li Bin, indicated that the foreign exchange market in China remains active with stable expectations, and cross-border capital flows are becoming more stable [1] - There was a rapid increase in enterprise receipts and settlements, but this growth has recently slowed as demand gradually releases [1]

Core Viewpoint - The State Administration of Foreign Exchange reported that in January, China's foreign exchange market remained stable despite increased volatility in international financial markets, with a net inflow of cross-border capital, although the scale decreased compared to the previous month [1] Group 1: Foreign Exchange Data - In January, banks settled foreign exchange amounting to 286.3 billion USD and sold 206.5 billion USD [1] - The non-bank sector, including enterprises and individuals, recorded a net inflow of cross-border funds of 781.6 billion USD and outflows of 699.5 billion USD [1] Group 2: Trends and Changes - The surplus in bank foreign exchange settlement and sales decreased by 20% compared to the previous month, while net inflows from non-bank sectors fell by 28% [1] - Seasonal factors contributed to a rapid increase in enterprise receipts and settlements at the end of the year, but growth has recently slowed as demand is gradually released [1] Group 3: Sector Analysis - Net inflows under the goods trade category decreased by 27% compared to the previous month, while net outflows under the services trade category increased by 23% [1] - Net inflows from securities investments remained stable [1] Group 4: Market Outlook - Overall, the foreign exchange market in China is characterized by active trading and stable expectations, with cross-border capital flows becoming more stable [1]

从外汇市场供求表现看，1月银行结汇2863亿美元，售汇2065亿美元，结售汇顺差798亿美元。外汇局副 局长、新闻发言人李斌对此表示，受季节性等因素影响，岁末年初企业收款和结汇增加较快，随着需求 逐步释放，近期企业收款和结汇增长放缓。 证券时报记者 贺觉渊 国家外汇管理局2月13日公布的2026年1月银行结售汇和银行代客涉外收付款数据显示，新年首月，我国 外汇市场交易活跃、预期平稳，跨境资金保持净流入；银行结售汇顺差、企业和个人等非银行部门跨境 资金净流入较上月分别下降20%和28%。 从非银行部门跨境收支表现看，1月银行代客涉外收入7816亿美元，对外付款6995亿美元，跨境收支顺 差821亿美元。从跨境资金流动的主要渠道看，1月货物贸易项下资金净流入较上月下降27%，服务贸易 项下资金净流出增长23%，证券投资项下资金净流入保持稳定。 今年以来，国际金融市场波动和分化加大，我国外汇市场继续稳健运行。"总的来看，我国外汇市场交 易活跃、预期平稳，跨境资金流动更趋稳定。"李斌说。 ...

Core Viewpoint - The foreign exchange market in China continues to operate steadily despite increased volatility and differentiation in the international financial market, with stable net inflows in securities investment [1] Group 1: Foreign Exchange Data - In January 2026, banks settled foreign exchange transactions amounting to 20,048 billion RMB and sold 14,457 billion RMB, equivalent to 2,863 billion USD and 2,065 billion USD respectively [1] - The foreign exchange income from banks for clients was 54,722 billion RMB, while foreign payments were 48,974 billion RMB, translating to 7,816 billion USD and 6,995 billion USD respectively [1] Group 2: Cross-Border Capital Flows - Cross-border capital maintained a net inflow, although the scale decreased compared to the previous month, with bank settlement and sale surplus and net inflows from non-bank sectors dropping by 20% and 28% respectively [1] - The net inflow of funds under goods trade decreased by 27% compared to the previous month, while net outflows under service trade increased by 23%, with securities investment remaining stable [1] Group 3: Market Stability - Overall, the foreign exchange market in China is characterized by active trading and stable expectations, with cross-border capital flows becoming more stable [1]

Core Viewpoint - The foreign exchange market in China continues to operate steadily despite increased volatility and differentiation in the international financial market, with cross-border capital maintaining a net inflow, although at a reduced scale compared to the previous month [1] Group 1: Foreign Exchange Data - The State Administration of Foreign Exchange reported a decrease in net inflow of cross-border capital, with bank foreign exchange settlement and sales surplus down by 20% and net inflow from non-bank sectors (including enterprises and individuals) down by 28% compared to the previous month [1] - In January, net inflow from goods trade decreased by 27%, while net outflow from service trade increased by 23%, indicating a shift in capital flow dynamics [1] Group 2: Market Analysis - The Deputy Director and spokesperson of the State Administration of Foreign Exchange, Li Bin, noted that seasonal factors contributed to a rapid increase in enterprise receipts and foreign exchange settlements at the end of the year, but this growth has recently slowed as demand is gradually released [1] - Overall, the foreign exchange market in China remains active with stable expectations, and cross-border capital flows are becoming more stable [1]

Core Viewpoint - The foreign exchange market in China continues to operate steadily despite increased volatility and differentiation in the international financial market, with cross-border capital maintaining a net inflow, although at a reduced scale compared to December 2025 [1] Group 1: Bank Settlement and Foreign Exchange Data - In January 2026, banks in China settled foreign exchange transactions amounting to 20,048 billion RMB and sold 14,457 billion RMB, equivalent to 2,863 billion USD and 2,065 billion USD respectively [1] - The foreign exchange income from clients was 54,722 billion RMB, while foreign payments amounted to 48,974 billion RMB, translating to 7,816 billion USD and 6,995 billion USD respectively [1] Group 2: Market Trends and Observations - The surplus in bank settlement and sale of foreign exchange, as well as net inflow of cross-border funds from non-bank sectors, decreased by 20% and 28% respectively compared to December 2025 [1] - The net inflow of funds under the goods trade category fell by 27% compared to December 2025, while net outflow under the services trade category increased by 23%, with stable net inflow in the securities investment category [1] - Overall, the foreign exchange market in China remains active with stable expectations, and cross-border capital flows are becoming more stable [1]

Core Viewpoint - In January 2026, China's banks reported a foreign exchange settlement surplus of $79.8 billion, indicating a stable operation of the foreign exchange market despite increased volatility in international financial markets [1] Group 1: Foreign Exchange Data - In January 2026, banks settled $286.3 billion in foreign exchange and sold $206.5 billion, resulting in a surplus of $79.8 billion [1] - The surplus from banks decreased by 20% compared to the previous month, while net inflows from non-bank sectors, including enterprises and individuals, fell by 28% [1] Group 2: Cross-Border Capital Flows - Cross-border capital maintained a net inflow, although the scale decreased compared to the previous month [1] - The net inflow of funds under goods trade decreased by 27% month-on-month, while net outflows under service trade increased by 23% [1] Group 3: Overall Market Stability - The foreign exchange market in China remains active with stable expectations, and cross-border capital flows are becoming more stable [1] - In January 2026, banks reported foreign-related income of $781.6 billion and foreign payments of $699.5 billion [1] - In Q4 2025, China's current account surplus was $242.1 billion [1]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) reported data on bank foreign exchange settlement and sales for January 2026, indicating a stable operation of China's foreign exchange market despite increased volatility in international financial markets [1] Group 1: Bank Foreign Exchange Data - In January 2026, banks settled foreign exchange amounting to 20,048 billion RMB and sold 14,457 billion RMB, equivalent to 2,863 billion USD and 2,065 billion USD respectively [1] - The foreign exchange settlement surplus for banks decreased by 20% compared to the previous month [1] Group 2: Cross-Border Payment Data - In January 2026, banks recorded foreign income of 54,722 billion RMB and foreign payments of 48,974 billion RMB, translating to 7,816 billion USD and 6,995 billion USD respectively [1] - The net inflow of cross-border funds from non-bank sectors, including enterprises and individuals, fell by 28% compared to the previous month [1] Group 3: Market Trends and Observations - The SAFE spokesperson noted that the foreign exchange market remains active and expectations are stable, with cross-border capital flows becoming more stable [1] - A 27% decrease in net inflow of funds under the goods trade category was observed, while net outflow under the services trade category increased by 23% [1] - Securities investment net inflow remained stable, indicating resilience in this segment [1]