my country's foreign exchange market runs smoothly in January
Beijing, February 18 (Reporter Qiu Haifeng) According to data released by the State Administration of Foreign Exchange on the 18th, my country's foreign exchange market maintained a stable operation in January.
Among them, foreign exchange settlement and sales by banks amounted to USD 242.2 billion and USD 214.4 billion, resulting in a surplus of USD 27.8 billion in foreign exchange settlement and sales.
According to Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, in January, the foreign exchange settlement and sales of banks had a surplus of US$27.8 billion. Considering other supply and demand factors such as forward foreign exchange settlement and sales, option transactions, the domestic foreign exchange supply and demand were basically balanced.
The non-banking sector recorded a surplus of US$58.4 billion in foreign-related receipts and payments, nearly 90% of which came from trade in goods, reflecting the increase in the import and export surplus in recent months and the impact of factors such as the concentrated collection of payments by enterprises before the Spring Festival.
In terms of foreign exchange market transactions, Wang Chunying said that in January, the settlement exchange rate (the ratio of foreign exchange sales by customers to the bank to the customer's foreign-related foreign exchange income) and the sale exchange rate (the ratio of the customer's purchase of foreign exchange from the bank to the customer's foreign-related foreign exchange expenditure) were 67% and 67% respectively. 62%, a slight increase of 2.4 and 0.2 percentage points year-on-year respectively, which is basically the same as the monthly average level in 2021, indicating that the willingness of market players to settle and purchase foreign exchange has remained stable.
"In addition, cross-border two-way investment remains active." Wang Chunying said that in January, the net inflow of cross-border funds under direct investment was 11.4 billion US dollars, a year-on-year increase of 9%.
Among them, foreign direct investment in China and my country's foreign direct investment both showed a year-on-year growth trend.
The scale of cross-border capital inflows and outflows under securities investment is basically the same as the monthly average in 2021, and the overall pattern of net inflows continued.
Wang Chunying said that looking forward to the future, the external environment will remain complex and changeable. There are still unstable and uncertain factors in the evolution of the global epidemic and the recovery of the world economy. The monetary policy shift of major developed economies may accelerate under the pressure of high inflation.
However, my country's economic recovery has not changed, the two-way opening of the financial market has not changed, and the overall trend of basic balance of payments has not changed. It will continue to play a role in stabilizing market expectations and confidence, and consolidate the foundation for the stable operation of the foreign exchange market.