Chinanews.com, August 20. According to the website of the State Administration of Foreign Exchange, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, answered reporters’ questions on the situation of foreign exchange receipts and payments in July. The main body’s willingness to settle and sell foreign exchange is generally stable, and the inflow and outflow of cross-border funds through main channels is reasonable and orderly and generally balanced.

　　A few days ago, the State Administration of Foreign Exchange released data on bank foreign exchange settlement and sales and foreign-related receipts and payments on behalf of customers in July 2021.

Wang Chunying said that in July, my country's foreign exchange market basically balanced supply and demand.

In terms of the performance of the main indicators, the foreign exchange settlement and sales of banks and the foreign-related income and expenditure of the non-banking sector both showed surpluses, with scales of US$9.8 billion and US$18.3 billion respectively, which were lower than the monthly average in the first half of the year, indicating that foreign exchange receipts and payments and foreign exchange supply and demand are more balanced. .

As of the end of July, the balance of foreign exchange reserves was US$3,235.9 billion, an increase of 0.68% from the end of June, mainly due to factors such as the strengthening of non-US currencies relative to the US dollar and rising global asset prices.

　　The willingness of market entities to settle and sell foreign exchange is generally stable.

In July, the settlement exchange rate and the sale exchange rate were both at the same level as the average in recent months, reflecting that the transactions and expectations of market entities were basically stable.

Among them, the settlement exchange rate that measures the willingness to settle foreign exchange, that is, the ratio of the customer's foreign exchange sales to the bank to the customer's foreign exchange income is 69%; the sales exchange rate that measures the willingness to sell foreign exchange, that is, the ratio of the customer's purchase of foreign exchange from the bank to the customer's foreign exchange expenditure Is 64%.

　　The inflow and outflow of cross-border funds through main channels is reasonable, orderly and overall balanced.

In July, the cross-border balance of trade in goods continued to have a surplus, and the net inflow of foreign direct investment in China remained high; foreign capital continued to increase their holdings of domestic bonds, indicating that the attractiveness of RMB assets is still strong.

On the other hand, corporate dividend distribution has entered a seasonal peak, which is comparable to the same period in previous years; the net payment of cross-border funds for trade in services continues to run at a low level, and the outward direct investment of domestic entities is generally stable.

　　Wang Chunying pointed out that currently, the global epidemic is still evolving, the world economy is recovering unevenly, and the external environment is becoming more complex and severe.

However, my country's economy continues to recover steadily, the momentum for development continues to increase, the two-way opening of the financial market is steadily progressing, and the maturity of the foreign exchange market is further improved, which will provide strong support for the steady development of my country's foreign exchange receipts and payments.