The State Administration of Foreign Exchange held a press conference at the State Council Information Office this morning to introduce foreign exchange receipts and payments in 2020.
Data show that in 2020, banks will have a surplus of US$158.7 billion in foreign exchange settlements and sales, and banks will have a surplus of US$116.9 billion in foreign-related receipts and payments.
As of the end of 2020, my country's foreign exchange reserves totaled 3216.5 billion U.S. dollars, an increase of 108.6 billion U.S. dollars from the end of 2019.
Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that in 2020, banks will have a surplus in foreign exchange settlement and sales, cross-border funds will fluctuate in both directions, corporate foreign exchange financing willingness is generally stable, market entities have increased risk-neutral awareness, and the scale of foreign exchange reserves will be basically stable.