Here comes the focus 丨 What is the impact of the Fed's monetary policy on China's foreign exchange market?
The official answer is here
According to data released by the State Administration of Foreign Exchange
From the bank's foreign exchange settlement and sales data
The first quarter of 2021
Denominated in renminbi
Bank settlement of 3.8 trillion yuan
Foreign exchange sales of 3.3 trillion yuan
A surplus of 573.5 billion yuan in foreign exchange settlement and sales
Viewed from the data of foreign-related receipts and payments by banks on behalf of clients
Denominated in renminbi
9.1 trillion yuan in foreign-related income from bank clients
8.3 trillion yuan in external payments
Foreign-related receipts and payments have a surplus of 786.4 billion yuan
On April 23, the State Administration of Foreign Exchange announced the data on foreign exchange receipts and payments for the first quarter of 2021.
Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that since 2021, the new crown pneumonia epidemic is still spreading abroad, vaccination continues to advance, the global economy is unbalanced recovery, and the international financial market is highly volatile.
my country's economy has maintained recovery growth, major indicators have continued to improve, and the two-way volatility of the RMB exchange rate has increased.
Under the combined effect of internal and external factors, my country’s foreign exchange market has been operating smoothly, cross-border capital flows have generally been stable, and the international balance of payments has remained basically balanced.
In the first quarter of 2021, what are the characteristics of my country's foreign exchange receipts and expenditures?
In the first quarter, the scale of foreign exchange derivatives increased and corporate risk awareness increased significantly. What advice does the State Administration of Foreign Exchange have for foreign trade companies?
What impact will the Fed's monetary policy adjustment have on China's foreign exchange market?
How does the spokesperson predict the future trend of my country’s foreign exchange market?
Poke the video and watch the key points.
Reporter's Notes
"Smooth operation, overall stability, and basic balance of international payments..." According to the data released in the first quarter, despite the relatively large changes in the international environment since the beginning of this year, my country's foreign exchange market still shows consistent resilience and rationality. And balance.
In the medium and long term, the foundation for the stable operation of China's foreign exchange market remains solid in the future.
The stable operation of the foreign exchange market in the first quarter was the result of a combination of internal and external factors, but it should also be noted that the current global economy is still facing various instabilities and uncertainties.
Facing the future, the spokesperson said that he will continue to pay close attention, conduct in-depth research, and respond accurately to effectively guarantee the stability of my country's international payments and the balance of cross-border capital flows.
Producer丨Dayong Li
Producer丨Wang Yu
Editor-in-chief丨Li Wenting
Reporter丨Jin Danni
Video丨Wu Jingwei
Edit丨Meng Yao