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The State Administration of Foreign Exchange (SAFE) recently released data on foreign exchange settlement and sales by banks and international receipts and payments via banks for May 2021. Wang Chunying, SAFE Deputy Administrator and Press Spokesperson, answered media questions on relevant issues. Q: Could you brief us on the situation of China’s foreign exchange receipts and payments in May 2021? A: China’s foreign exchange market remained stable in May. First, the surplus in foreign exchange settlement and sales by banks amounted to US$22.8 billion, the same as the average level from January to April. Second, the surplus in international receipts and payments by non-banking sectors reached US$19.7 billion, which was narrowed compared to the monthly average of the previous four months. Presently, China’s foreign trade displays an increasing trend. Its import and export recorded surplus, which is the main reason behind the surplus pattern of foreign exchange settlement and sales by banks and international receipts and payments by non-banking sectors in China. Third, foreign exchange reserves are generally stable. By the end of May, foreign exchange reserves stood at US$3.2218 trillion, up by 0.74% month on month, mainly affected by factors including the appreciation of non-US dollar currencies against the US dollar and rising asset prices. Market expectations were generally stable. In May, both the settlement and sales ratios were almost equal to the average of the first four months. The settlement ratio that measures customers’ willingness to settle their foreign exchange recorded 67%, which is the ratio of foreign exchange customers sold to banks to their foreign exchange receipts from foreign-related transactions. The sales ratio that measures customers’ willingness to sell foreign exchange was 66%, which is the ratio of foreign exchange bought by customers from banks to their foreign exchange payments for foreign-related transactions. Two-way cross-border capital investment was in a rational and orderly manner. In May, direct investment maintained a small net inflow. Two-way investment in securities was generally stable, posting a net increase in foreign holdings of domestic stocks and bonds of US$23.7 billion, equivalent to the average level from January to April. Domestic market entities purchased a net 36.6 billion yuan of Hong Kong stocks under the Hong Kong Stock Connect program. At present, there are still many unstable and uncertain factors in the external environment. The COVID-19 pandemic continues to spread, the world economic recovery remains uneven, pressure on major developed economies to adjust monetary policies is mounting, and asset prices in the international financial market remain high. However, China’s economy is stable and improving, the balance of payments is stable, and the foreign exchange market is more mature and rational. In general, China’s foreign exchange market is expected to remain stable, and two-way fluctuations of the renminbi exchange rate will become normal. 2021-06-18/en/2021/0618/1848.html
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The State Administration of Foreign Exchange (SAFE) recently released the external debt data at the end of March 2021. Wang Chunying, SAFE Deputy Administrator and Press Spokesperson, answered media questions on relevant issues. Q: What is the situation of China’s external debt in the first quarter of 2021? A: The scale of China’s external debt has increased steadily in the first quarter of 2021. As of the end of March 2021, China recorded US$2.5266 trillion in outstanding external debt denominated in both domestic and foreign currencies, an increase of US$125.8 billion or 5% compared with the end of 2020. The growth of external debt was mainly driven by the increase of foreign investors’ holdings of domestic renminbi bonds. The structure of external debt was further optimized. With respect to currency structures, the outstanding external debt in domestic currency accounted for 43%, up by 1 percent compared to the end of 2020. In terms of maturity structure, the outstanding medium-and long-term external debt accounted for 45%, the same as the end of 2020. Q: How do you see the current situation of China’s external debt? A: The improvement of China’s economy was the basis for the steady growth in the scale of its external debt. In the first quarter of 2021, China’s economy got off to a good start, with its GDP growing by 18.3% year on year and the steady operation of the balance of payments and foreign exchange market. These factors were the basis for the steady increase in the scale of external debt. In the first quarter of 2021, foreign investors continued to increase their holdings of renminbi bonds, reflecting the achievements of the opening of the domestic bond market and investors’ confidence in the prospects of China’s economic development. These foreign investors were mainly institutions, such as foreign central banks and sovereign wealth funds, which tend to allocate renminbi assets in the medium and long term and boast good investment stability. It is expected that the scale of external debt will maintain stability. At present, the global epidemic situation is still severe and the world economic recoveries are diverging. However, China’s economy has maintained a steady recovery, and the fundamentals of its long-term economic improvement have not changed. It is expected that the scale of external debt will remain stable in the future. SAFE will continue to serve the real economy and improve the liberalization and facilitation of cross-border trade，investment and financing. At the same time, SAFE will continue to improve the “macro-prudential and micro-regulatory” management framework for the foreign exchange market, actively encourage market players to adopt a “neutral concept of exchange rate risk”, and effectively prevent cross-border financing risks. 2021-06-25/en/2021/0625/1850.html
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The State Administration of Foreign Exchange (SAFE) has released the preliminary data on the balance of payments for the first quarter of 2021. Wang Chunying, SAFE Deputy Administrator and Press Spokesperson, answered media questions on relevant issues. Q: What are the characteristics of China’s balance of payments in the first quarter of 2021? A: The preliminary data shows that, in the first quarter of 2021, China’s balance of payments was basically balanced, with a current account surplus of US$75.1 billion, which was 2.0% of the GDP in the same period. China’s balance of payments remained within the reasonable range of equilibrium, with continuous net inflow of direct investment. First, trade in goods recorded a relatively high surplus. In the first quarter of 2021, the trade surplus in goods in terms of international payments registered US$118.7 billion. Since 2021, China’s foreign trade has maintained a recovery growth trend. The export of goods in terms of international payments amounted to US$694.2 billion, an increase of 49% year on year. Imports reached US$575.5 billion, up by 29% year on year. Second, trade deficit in services narrowed. In the first quarter of 2021, the trade deficit in services recorded US$22.3 billion, decreasing by 53% year on year. Travel was still the main deficit item, with a deficit of US$24.2 billion, down by 42% year on year. The main reason was that overseas study and tourism continued to shrink due to the impact of the pandemic. Third, direct investment maintained continuous net inflow. In the first quarter of 2021, the net inflow of direct investment reached US$70.5 billion, mainly due to the net influx of direct investment in China of US$93.1 billion, reaching a historical high. It reflected foreign investors’ confidence in China’s epidemic prevention and control as well as economic development prospects. The net outflow of China’s foreign direct investment was US$22.6 billion, and the foreign direct investment of enterprises was stable. At present, China is accelerating the construction of a new development pattern, focusing on promoting high-quality development, and constantly maintaining the highest standards of prevention and control of the pandemic. All the efforts will help keep the economic operation within a reasonable range and the basic balance of international payments. It is expected that China will continue to maintain a reasonable current account surplus in 2021. 2021-05-07/en/2021/0507/1844.html
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The State Administration of Foreign Exchange (SAFE) recently released the data on foreign exchange settlement and sales by banks and international receipts and payments via banks for April 2021. Wang Chunying, SAFE Deputy Administrator and Press Spokesperson, answered media questions on relevant issues. Q: Could you brief us on the situation of China’s foreign exchange receipts and payments in April 2021? A: China saw a steady performance of its foreign exchange market in April. Major indicators showed that foreign exchange settlement and sales by banks were roughly the same, with a surplus of US$2.2 billion; while the import and export of goods maintained a certain surplus, the non-banking sector’s foreign-related receipts and payments registered a continuation of net inflow, with a surplus of US$16 billion. By the end of April, foreign exchange reserves stood at US$3.1982 trillion, up by 0.89% on a month-to-month basis, mainly due to the appreciation of non-US dollar currencies and rising asset prices. Two-way cross-border capital investments were rational and orderly. In terms of inflow channels, the receipt of foreign direct investment maintained steady growth, and the net increase in foreign holdings of domestic stocks and bonds was US$19.5 billion, a year-on-year increase of 3%. In terms of outflow channels, the net outflow scale of China’s outward foreign direct investment was basically the same as that of the same period last year. The net purchase of Hong Kong stocks by domestic entities under the “Hong Kong Stock Connect” amounted to US$5.7 billion with an orderly manner. At present, it is observed that uncertainties still exist in the development of the global epidemic and the recovery of the world economy is uneven. However, China’s economic performance has maintained a steady recovery, and new momentums of growth have continued to gain strength, which will provide a solid foundation for the balanced flow of cross-border capital and the basic balance of international payments. 2021-05-21/en/2021/0521/1845.html
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Q: The State Administration of Foreign Exchange (SAFE) has just released the latest data on China’s foreign exchange reserves. Could you explain why China’s foreign exchange reserves for April 2021 changed? What would you say about the future trends of China’s foreign exchange reserves? A: By the end of April 2021, China’s foreign exchange reserves recorded US$3.1982 trillion, up by US$28.2 billion or 0.89% month on month. We saw a stable performance in foreign exchange market in April, featuring balanced supply and demand. In global financial markets, due to the COVID-19 pandemic and progress in vaccine development, as well as monetary policy expectations of the major countries and their macroeconomic data, non-US dollar currencies rose against the US dollar, and the overall price of financial assets of major countries have increased. China’s foreign exchange reserves climbed in the month, under the combined effect of foreign exchange rate conversion and asset price changes. As the rest of the world continue to grapple with COVID-19, the global economic recovery and global financial markets still face many uncertainties and destabilizing factors. However, since the beginning of this year, China’s economy has got off to a good start. The high-quality development has made new achievements and the renminbi exchange rate has become more flexible, which will be favorable for maintaining the general stability of China’s foreign exchange reserves. 2021-05-07/en/2021/0507/1843.html
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Q: The State Administration of Foreign Exchange (SAFE) has just released the latest data on China’s foreign exchange reserves. Could you explain the causes of changes in foreign exchange reserves for May 2021? What will be the future trends? A: By the end of May 2021, China’s foreign exchange reserves recorded US$3.2218 trillion, up by US$23.6 billion or 0.74% month on month. In May 2021, China’s foreign exchange market remained stable, witnessing rational and orderly market transactions. In global financial markets, non-US dollar currencies generally strengthened, and the financial asset prices of major countries rose, due to the impact of COVID-19 pandemic and vaccinations, monetary policies of major countries, inflation expectations, and macroeconomic data. Under the combined effect of foreign exchange rate conversion and asset price changes, China’s foreign exchange reserves which are priced by US dollar increased in this month. As the rest of the world still battle against COVID-19, the global economic and financial situation will continue to face rising uncertainties. But China’s economy will continue to recover steadily this year and the momentum of development will continue to strengthen, which will provide support for a generally stable foreign exchange reserve level. 2021-06-07/en/2021/0607/1846.html
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Q: The State Administration of Foreign Exchange (SAFE) has just released the latest data on China’s foreign exchange reserves. Could you explain the causes of changes in foreign exchange reserves for June 2021? What will be the future trends? A: By the end of June 2021, China’s foreign exchange reserves recorded US$3.214 trillion, down by US$7.8 billion or 0.24% month on month. In June, China’s foreign exchange market operated smoothly, and market transactions remained rational. In global financial markets, the US dollar index has fluctuated upward, and the financial asset prices of major countries have generally risen due to the development in COVID-19 vaccine and the expectation of monetary and fiscal policies of major countries. Under the combined effect of foreign exchange rate conversion and asset price changes, China’s foreign exchange reserves dropped in this month. Looking ahead, the rest of the world still grapples with COVID-19, and the global economic situation and the international financial market still face many risk factors. However, China’s economic performance has been strengthened and improved, and the internal driving force has been gradually strengthened, which will help keep foreign exchange reserves stable. 2021-07-07/en/2021/0707/1851.html
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In July 2021, China’s international trade in goods and services recorded receipts of RMB 1883 billion and payments of RMB 1635.8 billion based on statistics of balance of payments (BOP), registering a surplus of RMB 247.2 billion. Specifically, trade in goods registered receipts of RMB 1703.2 billion, payments of RMB 1412.7 billion, recording a surplus of RMB 290.4 billion; trade in services recorded receipts of RMB 179.8 billion, payments of RMB 223.1 billion, resulting in a deficit of RMB 43.3 billion. In the US dollar terms, in July 2021, the receipts and payments of China's international trade in goods and services were USD 290.8 billion and USD 252.7 billion respectively, registering a surplus of USD 38.2 billion. Specifically, the receipts and payments from trade in goods were USD 263.1 billion and USD 218.2 billion respectively, resulting in a surplus of USD 44.9 billion. Trade in services registered receipts and payments of USD 27.8 billion and USD 34.5 billion respectively, recording a deficit of USD 6.7 billion.(End) International Trade in Goods and Services of China (Based on the BOP statistics) July 2021 Item In 100 million of RMB In 100 million of USD Goods and services 2472 382 Credit 18830 2908 Debit -16358 -2527 1. Goods 2904 449 Credit 17032 2631 Debit -14127 -2182 2. Services -433 -67 Credit 1798 278 Debit -2231 -345 2.1Manufacturing services on physical inputs owned by others 69 11 Credit 73 11 Debit -4 -1 2.2Maintenance and repair services n.i.e 21 3 Credit 43 7 Debit -22 -3 2.3Transport -4 -1 Credit 715 110 Debit -719 -111 2.4Travel -539 -83 Credit 62 10 Debit -600 -93 2.5Construction 12 2 Credit 74 11 Debit -61 -9 2.6Insurance and pension services -41 -6 Credit 23 3 Debit -63 -10 2.7Financial services 1 0 Credit 15 2 Debit -14 -2 2.8Charges for the use of intellectual property -180 -28 Credit 53 8 Debit -233 -36 2.9Telecommunications, computerand information services 77 12 Credit 271 42 Debit -194 -30 2.10Other business services 176 27 Credit 453 70 Debit -278 -43 2.11Personal, cultural, and recreational services -11 -2 Credit 7 1 Debit -18 -3 2.12Government goods and services n.i.e -14 -2 Credit 9 1 Debit -23 -4 Notes: 1. The trade in goods and services in this table refers to the transactions between residents and non-residents, based on the same standard as that for BOP statement. The monthly data are preliminary and may be inconsistent with the quarterly data in the BOP statement. 2. The data on international trade in goods and services are prepared in USD, and the RMB data for the current month is derived by converting the USD data at the monthly average central parity rate of the RMB against the USD. 3. This table employs rounded-off numbers. Definition of Indicators: Goods and Services: refers to the trade in goods and services between residents and non-residents, which is based on the same standard as that for the BOP statement. 1. Goods: refers to transactions in goods whereby the economic ownership is transferred between the Chinese residents and non-residents. The credit side records export of goods, while the debit side records import of goods. The data of goods account are mainly from the customs statistics of imports and exports, but differ from the statistics of the customs mainly in the following aspects: first, the goods in the BOP statement only reflect the goods whose ownership has been transferred (e.g. goods under the trade modes such as general trade and processing trade with imported materials), while the goods whose ownership is not transferred (e.g. manufacturing services with supplied materials or with exported materials) are included in the statistics of trade in services instead of the statistics of trade in goods; second, as required by the BOP statistics, the goods imported and exported are valued on the FOB basis, but as required by the customs, the goods exported are valued on the FOB basis, whereas goods imported are on the CIF basis. Therefore, for the purpose of the BOP statistics, the international transport and insurance premiums are taken out from the value of imported goods and included in the trade in services; and third, the data on net export of goods in merchanting which are not included in the customs statistics are supplemented. 2. Services: includes manufacturing services on physical inputs owned by others, maintenance and repair services n.i.e, transport, travel, construction, insurance and pension services, financial services, charges for the use of intellectual property, telecommunications, computer and information services, other business services, personal, cultural and recreational services, and government goods and services n.i.e. The credit side records services supplied, while the debit side records services received. 2.1 Manufacturing services on physical owned by others: processor only provides processing, assembly, packaging and other services and charges service fee from the owner, while the ownership of the goods is not transferred between the owner and the processor. The credit side records the manufacturing services supplied by the Chinese residents on physical inputs owned by non-residents, and vice versa for debit side. 2.2 Maintenance and repair services: refer to the maintenance and repair services supplied by residents to non-residents or vice versa on goods and equipment (such as vessel, aircraft, and other transportation facility) owned by the receiving party. The credit side records the maintenance and repair services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.3 Transport: refers to the process of transporting people and goods from one place to another, and the relevant supporting and auxiliary services, as well as postal and delivery services. The credit side records the international transport, postal and delivery services supplied by residents to non-residents, and vice versa for debit side. 2.4 Travel: refers to goods consumed and services purchased by travelers in various economies as non-residents. The credit side records the goods and services provided by the Chinese residents to non-residents who have stayed in China for less than one year, as well as non-residents studying abroad and seeking medical treatment for indefinite period of stay. The debit side records the goods and services purchased by the Chinese residents when traveling, studying or seeking medical services abroad from non-residents. 2.5 Construction services: refer to the establishment, renovation, maintenance or expansion of fixed assets in the form of buildings, land improvement, roads, bridges and dams and other engineering buildings of engineering nature, relevant installation, assembly, painting, pipeline construction, demolition and project management, as well as site preparation, measurement and blasting and other special services. The credit side records the construction services provided by the Chinese residents outside the economic territory. The debit side records the construction services received by the Chinese residents in the Chinese economic territory from non-residents. 2.6 Insuranceand pension services: refers to various insurance services and commission to agents related with insurance transaction. The credit side records the life insurance and annuity, non-life insurance, reinsurance, standardized guarantee services and relevant supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.7 Financial services: refer to financial intermediation and supporting services, excluding those covered by insurance and pension services. The credit side records the financial intermediation and supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.8 Charges for the use of intellectual property: refer to licensed use of intangible, non-productive/non-financial assets and exclusive rights between residents and non-residents and the licensed use of existing original works or prototypes. The credit side records the intellectual property-related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.9 Telecommunications, computer and information services: refer to communications services between residents and non-residents and transactions of services related to computer data and news, excluding commercial services delivered via telephone, computer and Internet. The credit side records the telecommunications, computer and information services supplied by residents to non-residents, and vice versa for debit side. 2.10 Other business services: refer to other types of services between residents and non-residents, including research and development services, professional and management consulting services, technical and trade-related services. The credit side records the other business services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.11 Personal, cultural and recreational services: refer to transactions of personal, cultural and recreational services between residents and non-residents, including audio visual and related services (films, radio, television programs and music recordings) and other personal, cultural and recreational services (health, education, etc.). The credit side records the related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.12 Government goods and services n.i.e: refer to various goods and services provided and purchased by governments and international organizations not included in other categories of goods and services. The credit side records the goods and services not included elsewhere and supplied by the Chinese residents to non-residents, and vice versa for debit side. 2021-08-27/en/2021/0827/1857.html
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As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in August 2021, the amount of foreign exchange settlement and sales by banks was RMB 1354.7 billion and RMB 1266.3 billion, respectively, with a surplus of RMB 88.4 billion. During January to August 2021, the accumulative amount of foreign exchange settlement and sales by banks was RMB 10572.8 billion and RMB 9545.3 billion, respectively, with an accumulative surplus of RMB 1027.5 billion. In the US dollar terms, in August 2021, the amount of foreign exchange settlement and sales by banks was USD 209.1 billion and USD 195.5 billion, respectively, with a surplus of USD 13.6 billion. During January to August 2021, the accumulative amount of foreign exchange settlement and sales by banks was USD 1633.9 billion and USD 1475.0 billion, respectively, with an accumulative surplus of USD 159.0 billion. In August 2021, the amount of cross-border receipts and payments by non-banking sectors was RMB 3312.4 billion and RMB 3169.7 billion, respectively, with a surplus of RMB 142.7 billion. During January to August 2021, the accumulative amount of cross-border receipts and payments by non-banking sectors was RMB 25016.8 billion and RMB 23532.8 billion, respectively, with an accumulative surplus of RMB 1484.1 billion. In the US dollar terms, in August 2021, the amount of cross-border receipts and payments by non-banking sectors was USD 511.4 billion and USD 489.4 billion, respectively, with a surplus of USD 22.0 billion. During January to August 2021, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 3865.7 billion and USD 3636.4 billion, respectively, with an accumulative surplus of USD 229.3 billion. Addendum: Glossary and relevant definitions Balance of payments (BOP) refers to all economic transactions between residents and non-residents. Foreign exchange settlement and sales by banks refers to settlement and sale transaction that bank executes for customers and for the banks themselves, including statistic data on settlements of forward contracts for foreign exchange settlement and sales and the exercises of option, and excluding the transactions in the interbank foreign exchange market. The statistic reporting date of Foreign exchange settlement and sales by banks should be the trade day of the Foreign exchange settlement and sales transaction. By definition, foreign exchange settlement means foreign exchange holders sell foreign exchange to designated foreign exchange bank, and foreign exchange sales means designated bank sells foreign exchange to foreign exchange buyers. The newly signed contract amount of forward foreign exchange settlement and sales refers to the binding forward contract between designated foreign exchange bank and client that predetermines foreign exchange currency, amount, exchange rate and tenor which to be executed upon maturity. The unwind amount of forward foreign exchange settlement and sales refers to, where client is unable to perform the original forward contract due to change in its real demand, client to fully or partially close its forward position by executing another deal with opposite direction to the original contract. The rolling amount of forward foreign exchange settlement and sales refers to client to adjust the settlement date of original contract due to change in its real demand. The outstanding amount of forward foreign exchange settlement and sales by the end of the current period refers to the total amount of forward contracts accumulated from all non-matured forward contracts with client. The net Delta exposure of outstanding options refers to the implied foreign exchange spot risk exposure from outstanding option contracts that bank executed with client. The cross-border receipts and payments by non-banking sectors refers to the receipts and payments between domestic non-banking sectors (including institutional and individual residents) and non-residents through domestic banks, excluding receipts and payments in cash. In particular, the statistics includes cross-border receipts and payments between non-banking sectors and non-residents through domestic banks (including RMB and foreign currency), and domestic receipts and payments between non-banking sectors and non-residents through domestic banks (temporarily excluding domestic receipts and payments in RMB between individual residents and non-resident individuals). Data are collected when customers conduct receipts and payments with non-resident counterparties at domestic banks. Specifically, the receipts refer to the capital of non-banking sectors received from non-residents via domestic banks; the payments refer to the capital of non-banking sectors paid to non-residents via domestic banks. 2021-09-17/en/2021/0916/1863.html
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As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in July 2021, the amount of foreign exchange settlement and sales by banks was RMB 1390.0 billion and RMB 1326.8 billion, respectively, with a surplus of RMB 63.2 billion. During January to July 2021, the accumulative amount of foreign exchange settlement and sales by banks was RMB 9218.1 billion and RMB 8279.0 billion, respectively, with an accumulative surplus of RMB 939.2 billion. In the US dollar terms, in July 2021, the amount of foreign exchange settlement and sales by banks was USD 214.7 billion and USD 204.9 billion, respectively, with a surplus of USD 9.8 billion. During January to July 2021, the accumulative amount of foreign exchange settlement and sales by banks was USD 1424.8 billion and USD 1279.5 billion, respectively, with an accumulative surplus of USD 145.3 billion. In July 2021, the amount of cross-border receipts and payments by non-banking sectors was RMB 3317.4 billion and RMB 3198.8 billion, respectively, with a surplus of RMB 118.6 billion.During January to July 2021, the accumulative amount of cross-border receipts and payments by non-banking sectors was RMB 21704.4 billion and RMB 20363.0 billion, respectively, with an accumulative surplus of RMB 1341.4billion. In the US dollar terms, in July 2021, the amount of cross-border receipts and payments by non-banking sectors was USD 512.4 billion and USD 494.1 billion, respectively, with a surplus of USD 18.3billion.During January to July 2021, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 3354.3 billion and USD 3147.0 billion, respectively, with an accumulative surplus of USD 207.3 billion. Addendum: Glossary and relevant definitions Balance of payments (BOP) refers to all economic transactions between residents and non-residents. Foreign exchange settlement and sales by banks refers to settlement and sale transaction that bank executes for customers and for the banks themselves, including statistic data on settlements of forward contracts for foreign exchange settlement and sales and the exercises of option, and excluding the transactions in the interbank foreign exchange market. The statistic reporting date of Foreign exchange settlement and sales by banks should be the trade day of the Foreign exchange settlement and sales transaction. By definition, foreign exchange settlement means foreign exchange holders sell foreign exchange to designated foreign exchange bank, and foreign exchange sales means designated bank sells foreign exchange to foreign exchange buyers. The newly signed contract amount of forward foreign exchange settlement and sales refers to the binding forward contract between designated foreign exchange bank and client that predetermines foreign exchange currency, amount, exchange rate and tenor which to be executed upon maturity. The unwind amount of forward foreign exchange settlement and sales refers to, where client is unable to perform the original forward contract due to change in its real demand, client to fully or partially close its forward position by executing another deal with opposite direction to the original contract. The rolling amount of forward foreign exchange settlement and sales refers to client to adjust the settlement date of original contract due to change in its real demand. The outstanding amount of forward foreign exchange settlement and sales by the end of the current period refers to the total amount of forward contracts accumulated from all non-matured forward contracts with client. The net Delta exposure of outstanding options refers to the implied foreign exchange spot risk exposure from outstanding option contracts that bank executed with client. The cross-border receipts and payments by non-banking sectors refers to the receipts and payments between domestic non-banking sectors (including institutional and individual residents) and non-residents through domestic banks, excluding receipts and payments in cash. In particular, the statistics includes cross-border receipts and payments between non-banking sectors and non-residents through domestic banks (including RMB and foreign currency), and domestic receipts and payments between non-banking sectors and non-residents through domestic banks (temporarily excluding domestic receipts and payments in RMB between individual residents and non-resident individuals). Data are collected when customers conduct receipts and payments with non-resident counterparties at domestic banks. Specifically, the receipts refer to the capital of non-banking sectors received from non-residents via domestic banks; the payments refer to the capital of non-banking sectors paid to non-residents via domestic banks. 2021-08-20/en/2021/0820/1854.html