Chinanews.com, February 15. According to news from the website of the State Administration of Foreign Exchange on the 15th, statistics from the State Administration of Foreign Exchange show that in January 2023, banks settled 1,191.3 billion yuan in foreign exchange and sold 1,174.4 billion yuan in foreign exchange.

In US dollar terms, in January 2023, banks' foreign exchange settlement and sales amounted to US$175.3 billion and US$172.8 billion.

　　In January 2023, the bank's foreign-related income on behalf of customers will be 3.0295 trillion yuan, and external payments will be 2.7907 billion yuan.

In US dollar terms, in January 2023, banks' foreign-related income on behalf of customers was US$445.7 billion, and external payments were US$410.5 billion.

　　Regarding the situation of my country's foreign exchange receipts and payments in January 2023, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said in an answer to reporters' questions that my country's cross-border capital flows are stable, and domestic foreign exchange supply and demand remain basically balanced.

In January, non-bank businesses and individuals had a surplus of US$35.1 billion in foreign-related receipts and payments, a month-on-month increase of 52%; banks’ foreign exchange settlement and sales had a surplus of US$2.5 billion. Considering other supply and demand factors, the supply and demand in the domestic foreign exchange market were basically balanced.

Overall, the foreign exchange market will get off to a good start in 2023, with stable expectations from market players and rational and orderly transactions.

　　The net inflow of cross-border funds such as trade in goods and foreign direct investment continued to play a fundamental role, and foreign investors' investment in domestic stocks hit a record high.

In January, the foreign-related balance of trade in goods had a surplus of US$38.7 billion, a month-on-month increase of 9%, which was at a historical high; the net inflow of foreign direct investment funds remained relatively stable.

As my country optimizes epidemic prevention and control measures, the effects of various policies and measures to stabilize growth are gradually emerging, and the economic stabilization and recovery trend has been further consolidated. Foreign capital actively participated in the domestic stock market. In January, the net purchase of domestic stocks was 27.7 billion US dollars, a record high in a single month.

　　Looking ahead, the fundamentals of my country's long-term economic growth will not change. The International Monetary Fund expects that the Chinese economy will remain the main engine driving the global economy this year. The attractiveness of RMB assets will further increase, and the foundation for maintaining stable cross-border capital flows will be more solid. .

At the same time, the extent of monetary policy tightening and its spillover effects in major developed economies have eased.

On the whole, my country's foreign exchange market has a better foundation and better conditions to continue to maintain stable operation.

(China New Finance and Economics)

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