Chinanews.com, February 20. According to the website of the State Administration of Foreign Exchange, the State Administration of Foreign Exchange recently announced the data on bank foreign exchange settlement and sales in January 2021 and foreign-related receipts and payments by banks on behalf of clients.

Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that my country’s foreign exchange market was generally stable in January, with banks’ foreign exchange settlement and sales surplus of US$40.8 billion.

  According to statistics from the State Administration of Foreign Exchange, in January 2021, banks settled 1,292.3 billion yuan, sold 1,027.9 billion yuan, and had a surplus of 264.4 billion yuan; in US dollars, banks settled US$199.5 billion and sold 1,587. Billion U.S. dollars, with a surplus of 40.8 billion U.S. dollars.

  In January 2021, the bank’s foreign-related income on behalf of customers was 3,195.2 billion yuan, foreign payments were 2,878.9 billion yuan, and the foreign-related receipts and payments had a surplus of 316.3 billion yuan; in US dollars, in January 2021, the bank’s foreign-related income on behalf of customers was 493.3 billion US dollars. External payments were US$444.5 billion, and foreign-related receipts and payments had a surplus of US$48.8 billion.

  Wang Chunying said that my country's foreign exchange market was generally stable in January.

In terms of the performance of the main indicators, banks had a surplus of US$40.8 billion in foreign exchange settlement and sales, a 39% decrease from the previous month; the non-bank sector’s foreign-related revenue and expenditure had a surplus of US$48.8 billion, a decrease of 10%.

The above indicators show a surplus that is mainly affected by seasonal factors. Before the end of the year, my country’s exports of goods and the scale of the surplus are usually relatively high. Before the Spring Festival, corporate capital needs will increase, and foreign exchange collection and settlement under trade will also be concentrated.

In January, the surplus of foreign exchange settlement and sales and foreign-related income and expenditure under trade in goods exceeded 40 billion U.S. dollars, which were the main surplus items.

  Market entities have stable expectations, and their foreign exchange settlement and sales behaviors remain rational.

In January, the exchange rate that measures the willingness of companies to settle foreign exchange, that is, the ratio of customers' foreign exchange sales to the bank to the customer's foreign exchange income is 65%, a decrease of 6 percentage points from the previous month; the sales exchange rate that measures the willingness to purchase foreign exchange, that is, customers buy from the bank The ratio of foreign exchange to customers’ foreign exchange expenditures was 62%, an increase of 2 percentage points.

  Cross-border two-way investment is active.

Both foreign-related revenue and expenditure transactions under the capital account have maintained a relatively high scale and overall balance.

The foreign-related income and expenditure of direct investment continued to net inflows.

The overall securities investment showed a net outflow, including a net increase of US$41.6 billion in domestic bonds and stocks held by foreign investors, and a net purchase of Hong Kong stocks by domestic entities under Southbound Stock Connect was equivalent to US$40.1 billion.

  Wang Chunying pointed out that, on the whole, supported by the sustained and stable recovery of the domestic economy and the two-way opening of the financial market, the current two-way flow of cross-border capital in my country has become more active, which will help further enhance the depth and breadth of the foreign exchange market. Looking forward to the future, the external environment is still complicated, and there are still many unstable and uncertain factors in the recovery of the world economy. my country has built a new higher-level open economic system. The foundation for sustained and healthy economic development has not changed. The foreign exchange market is expected to maintain stable operation. .