本文编选自"国家外汇管理局"官网，智通财经编辑：刘家殷。 智通财经APP获悉，2月13日，国家外汇管理局公布2026年1月银行结售汇和银行代客涉外收付款数据。 数据显示，2026年1月，银行结汇20048亿元人民币，售汇14457亿元人民币。按美元计值，2026年1月， 银行结汇2863亿美元，售汇2065亿美元。1月，银行代客涉外收入54722亿元人民币，对外付款48974亿 元人民币。按美元计值，2026年1月，银行代客涉外收入7816亿美元，对外付款6995亿美元。 ...

Group 1 - The core viewpoint of the article highlights the foreign exchange management data released by the State Administration of Foreign Exchange, indicating a surplus in foreign exchange settlement and sales for the year 2025 [1] - In 2025, the cumulative foreign exchange settlement by banks reached 25,949 billion USD, while the cumulative foreign exchange sales amounted to 23,983 billion USD, resulting in a surplus of 1,966 billion USD [1] - In December 2025, banks settled 3,180 billion USD and sold 2,179 billion USD in foreign exchange [1] Group 2 - The article also presents data on banks' foreign-related income and payments for clients, showing that in 2025, the cumulative foreign-related income was 79,725 billion USD, while cumulative payments were 76,704 billion USD [1] - In December 2025, banks recorded foreign-related income of 8,244 billion USD and payments of 7,109 billion USD [1]

Group 1 - In November 2025, banks in China reported a foreign exchange settlement of 209.5 billion USD and a foreign exchange sale of 193.8 billion USD, maintaining a stable balance in the foreign exchange market [1] - From January to November 2025, the cumulative foreign exchange settlement reached 2,276.9 billion USD, while the cumulative foreign exchange sale was 2,180.4 billion USD [1] - In November 2025, the foreign exchange income from non-bank sectors amounted to 654.5 billion USD, with foreign payments totaling 636.7 billion USD, indicating active cross-border transactions [1] Group 2 - The foreign exchange market in China has remained stable, with a basic balance in supply and demand, and a settlement surplus of 15.7 billion USD in November, consistent with October's figures [2] - Cross-border income and expenditure for non-bank sectors totaled 1.3 trillion USD in November, reflecting an 8% month-on-month increase, with a surplus of 17.8 billion USD, lower than the average surplus of 24 billion USD from September to October [2] - The primary source of net capital inflow continues to be merchandise trade, while service trade, investment income, and direct investment flows remain stable, indicating resilience in foreign trade and investment [2]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) released data on bank foreign exchange settlement and sales for November 2025, indicating significant foreign exchange activity in the banking sector [1] Group 1: Bank Foreign Exchange Settlement and Sales - In November 2025, banks settled foreign exchange amounting to 14,840 billion RMB and sold 13,732 billion RMB [1] - From January to November 2025, banks cumulatively settled 162,781 billion RMB and sold 155,932 billion RMB [1] - In USD terms, banks settled 2,095 million USD and sold 1,938 million USD in November 2025, with cumulative settlements of 22,769 million USD and sales of 21,804 million USD from January to November 2025 [1] Group 2: Bank Customer Foreign Exchange Income and Payments - In November 2025, banks recorded foreign exchange income from customers of 46,372 billion RMB and foreign payments of 45,112 billion RMB [1] - Cumulatively, from January to November 2025, banks had foreign exchange income of 511,208 billion RMB and payments of 497,719 billion RMB [1] - In USD terms, customer foreign exchange income was 6,545 million USD and payments were 6,367 million USD in November 2025, with cumulative income of 71,481 million USD and payments of 69,594 million USD from January to November 2025 [1]

Core Insights - The State Administration of Foreign Exchange (SAFE) released data on bank foreign exchange settlement and sales for October 2025, indicating significant foreign exchange activity in the banking sector [1] Group 1: Bank Foreign Exchange Settlement and Sales - In October 2025, banks settled foreign exchange amounting to 15,194 billion RMB and sold 13,940 billion RMB [1] - From January to October 2025, cumulative bank settlements reached 147,941 billion RMB, while cumulative sales totaled 142,201 billion RMB [1] - In USD terms, banks settled 2,142 million USD and sold 1,965 million USD in October 2025 [1] - Cumulatively, from January to October 2025, banks settled 20,675 million USD and sold 19,866 million USD [1] Group 2: Bank Customer Foreign Exchange Income and Payments - In October 2025, banks recorded customer foreign exchange income of 44,207 billion RMB and foreign payments of 40,579 billion RMB [1] - Cumulatively, from January to October 2025, customer foreign exchange income reached 464,836 billion RMB, while foreign payments totaled 452,607 billion RMB [1] - In USD terms, customer foreign exchange income was 6,231 million USD and foreign payments were 5,719 million USD in October 2025 [1] - Cumulatively, from January to October 2025, customer foreign exchange income amounted to 64,936 million USD, with foreign payments at 63,227 million USD [1]

Core Insights - The State Administration of Foreign Exchange (SAFE) released data on bank foreign exchange settlement and sales for September 2025, indicating significant foreign exchange activities [2] Group 1: Bank Foreign Exchange Settlement and Sales - In September 2025, banks settled 18,809 billion RMB and sold 15,183 billion RMB [2] - From January to September 2025, cumulative bank settlements reached 132,747 billion RMB, while cumulative sales totaled 128,261 billion RMB [2] - In USD terms, banks settled 2,647 million USD and sold 2,136 million USD in September 2025 [2] - Cumulative bank settlements in USD from January to September 2025 amounted to 18,533 million USD, with cumulative sales at 17,901 million USD [2] Group 2: Bank Customer Foreign Exchange Income and Payments - In September 2025, banks recorded foreign exchange income of 48,409 billion RMB and foreign payments of 48,629 billion RMB [2] - Cumulative foreign exchange income from January to September 2025 was 420,628 billion RMB, while cumulative payments were 412,029 billion RMB [2] - In USD terms, foreign exchange income for September 2025 was 6,812 million USD, with payments at 6,843 million USD [2] - Cumulative foreign exchange income in USD from January to September 2025 reached 58,705 million USD, and cumulative payments were 57,508 million USD [2]

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]

Core Insights - The foreign exchange market in China showed stable operation in August, with active trading and balanced supply and demand [2] Group 1: Bank Settlement Data - In August, banks settled foreign exchange transactions amounting to 15,103 billion RMB and sold 14,058 billion RMB [1] - From January to August, cumulative bank settlements reached 113,938 billion RMB, while cumulative sales were 113,078 billion RMB [1] - In USD terms, banks settled 2,118 billion USD and sold 1,971 billion USD in August [1] - Cumulatively, from January to August, bank settlements totaled 15,886 billion USD, and sales amounted to 15,765 billion USD [1] Group 2: Cross-Border Payments - In August, banks recorded foreign income of 45,515 billion RMB and foreign payments of 45,284 billion RMB [1] - Cumulatively, from January to August, foreign income reached 372,219 billion RMB, while foreign payments totaled 363,400 billion RMB [1] - In USD terms, foreign income in August was 6,383 billion USD, and foreign payments were 6,350 billion USD [1] - Cumulatively, from January to August, foreign income amounted to 51,893 billion USD, and payments were 50,665 billion USD [1] Group 3: Market Activity and Trends - Non-bank sectors, including enterprises and individuals, engaged in cross-border receipts and payments totaling 1.3 trillion USD in August, reflecting an 8% year-on-year increase [2] - Both current and capital account cross-border receipts and payments saw growth, indicating steady development in trade and investment [2] - The net inflow of cross-border funds was 32 billion USD in August, with a bank settlement surplus of 14.6 billion USD [2] - Overall, the foreign exchange market is characterized by active trading and stable market expectations [2]

Core Insights - The State Administration of Foreign Exchange (SAFE) reported data on bank foreign exchange settlement and sales for August 2025, indicating significant foreign exchange activities in the banking sector [1] Group 1: Bank Foreign Exchange Settlement and Sales - In August 2025, banks settled foreign exchange amounting to 15,103 billion RMB and sold 14,058 billion RMB [1] - From January to August 2025, cumulative bank settlements reached 113,938 billion RMB, while cumulative sales totaled 113,078 billion RMB [1] - In USD terms, banks settled 2,118 million USD and sold 1,971 million USD in August 2025 [1] - Cumulatively, from January to August 2025, banks settled 15,886 million USD and sold 15,765 million USD [1] Group 2: Bank Customer Foreign Exchange Income and Payments - In August 2025, banks recorded foreign exchange income of 45,515 billion RMB and foreign payments of 45,284 billion RMB [1] - Cumulatively, from January to August 2025, banks had total foreign exchange income of 372,219 billion RMB and total foreign payments of 363,400 billion RMB [1] - In USD terms, foreign exchange income for August 2025 was 6,383 million USD, with payments at 6,350 million USD [1] - From January to August 2025, cumulative foreign exchange income was 51,893 million USD, while cumulative payments were 50,665 million USD [1]

Core Insights - The State Administration of Foreign Exchange (SAFE) released data on bank foreign exchange settlement and sales for August 2025, indicating significant foreign exchange activity in the banking sector [1] Group 1: Bank Foreign Exchange Settlement and Sales - In August 2025, banks settled foreign exchange amounting to 15,103 billion RMB and sold 14,058 billion RMB [1] - From January to August 2025, cumulative bank settlements reached 113,938 billion RMB, while cumulative sales totaled 113,078 billion RMB [1] - In USD terms, banks settled 2,118 million USD and sold 1,971 million USD in August 2025 [1] - Cumulatively, from January to August 2025, banks settled 15,886 million USD and sold 15,765 million USD [1] Group 2: Bank Customer Foreign Exchange Income and Payments - In August 2025, banks recorded foreign exchange income from customers of 45,515 billion RMB and foreign payments of 45,284 billion RMB [1] - Cumulatively, from January to August 2025, banks had total foreign exchange income of 372,219 billion RMB and total foreign payments of 363,400 billion RMB [1] - In USD terms, customer foreign exchange income in August 2025 was 6,383 million USD, while foreign payments were 6,350 million USD [1] - From January to August 2025, cumulative foreign exchange income reached 51,893 million USD and cumulative payments totaled 50,665 million USD [1]