State Administration of Foreign Exchange: The current overall situation of my country's cross-border capital flows remains stable

　　Zhongxin Finance, May 17th. A few days ago, the State Administration of Foreign Exchange announced the data on foreign exchange settlement and sales by banks and foreign-related receipts and payments by banks on behalf of customers in April 2022.

Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, said that the

　　First, the foreign exchange settlement and sales of banks continued to be in surplus. The surplus in April was US$19 billion, which was basically the same as the average monthly surplus in the first quarter and was much higher than the level in the same period in 2021. Second, the net inflow of cross-border funds increased month-on-month. Individuals and other non-banking sectors recorded a surplus of US$16.2 billion in foreign-related receipts and payments, up 57% from March.

　　Wang Chunying said that

In April, the surplus of cross-border receipts and payments under trade in goods was US$44.3 billion, and the net inflow of funds under direct investment in China was US$18.4 billion, an increase of 2% and 6% respectively compared with the monthly average in the first quarter, and a year-on-year increase of 2.8 times and 1.2 times respectively.

Since the beginning of this year, funds related to the real economy such as trade in goods and direct investment have steadily flowed in, continuing to play a fundamental role in stabilizing cross-border capital flows.

In addition, the deficit in foreign-related receipts and payments of trade in services further narrowed in April, and foreign direct investment continued its steady and orderly development.

　　Wang Chunying introduced that at present, the external environment is still complex and changeable, but my country's efficient coordination of epidemic prevention and control and economic and social development, strong economic resilience, sufficient potential, wide room for manoeuvre, and long-term improvement will not change.

At the same time, in recent years, my country's foreign exchange market has become more mature and more resilient, and it has a better foundation and conditions to adapt to the adjustment and changes of the external environment, and maintain an overall stable pattern of cross-border capital flows.

(Finish)