China News Service, Beijing, March 6th (Xia Bin) China's State Administration of Foreign Exchange (hereinafter referred to as the "Foreign Exchange Bureau") announced data on the 6th that in January 2020, the bank settled 1006.7 billion yuan (RMB, the same below), sold The exchange rate was 962.5 billion yuan, and the balance of foreign exchange settlement and sales was 44.2 billion yuan (equivalent to US $ 6.4 billion).
Among them, banks settled 913.9 billion yuan of foreign exchange on behalf of clients, sold 865.6 billion yuan of foreign exchange, and traded a surplus of 57.3 billion yuan; the banks themselves settled 92.8 billion yuan of foreign exchange, sold 105.9 billion yuan of foreign exchange, and sold 13.1 billion yuan of foreign exchange.
The State Administration of Foreign Exchange specially reminded that affected by the epidemic, data in Hubei and other regions are data reported by some financial institutions.
Foreign exchange bureau spokesman and chief economist Wang Chunying told reporters that in January the bank had a small surplus in foreign exchange settlement and sales. Taking into account other supply and demand factors such as forwards and options, the foreign exchange market supply and demand showed a basic balance.
She emphasized that since February, despite the impact of the new crown pneumonia epidemic, the operation of the foreign exchange market has remained generally stable, reflecting the maturity and rationality of the market. For example, the basic balance between supply and demand in the foreign exchange market, stable foreign-related income and expenditure in the non-bank sector, and rational and orderly foreign-related transactions by market entities such as enterprises and individuals fully show that the current Chinese foreign exchange market is more mature and can better absorb and adapt to the impact of related events. (Finish)