The State Administration of Foreign Exchange (SAFE) has recently released the data on the purchases and sales of foreign exchange by banks and the cross‑border receipts and payments by non‑banking sectors for July 2026. SAFE Deputy Administrator and Press Spokesperson Li Bin answered media questions on the foreign exchange market situation for July 2026.

Q: How has China’s foreign exchange market performed since July?

A: Since July, the external environment has been complex and volatile with rising geopolitical uncertainties, and global financial markets have continued to see fluctuations. China’s foreign exchange market has maintained stable operations. The scale of foreign‑related receipts and payments has expanded steadily, market expectations have remained generally stable, and transactions in China’s foreign exchange market have been conducted rationally and orderly.

In terms of foreign‑related transaction volume, the total cross‑border receipts and payments of non‑banking sectors, including enterprises and individuals, reached USD 1.7 trillion in July, up by 20% year on year. Foreign exchange market trading volume stood at USD 4.3 trillion, up by 8% year on year. Both readings remained at relatively high levels.

In terms of cross‑border capital flows, non‑banking sectors, including enterprises and individuals, recorded net cross‑border capital inflows of USD 59.8 billion in July. Among them, net capital inflows under trade in goods stayed at a high level, while net outflows under trade in services and dividend and profit remittances by foreign‑invested enterprises remained stable.

In terms of the supply and demand of the foreign exchange market, the purchases and sales of foreign exchange by banks registered a surplus of USD 18.3 billion in July. Enterprises carried out foreign exchange purchases and sales transactions rationally in light of actual needs and changing market conditions, and the supply and demand of the foreign exchange market were basically in balance.