State Administration of Foreign Exchange: In July, China's non-banking sector's total cross-border balance of US$1.7 trillion increased 20% year-on-year

The Zhitong Finance App learned that on August 17, Li Bin, deputy director of the State Administration of Foreign Exchange and press spokesman, answered questions from reporters about the foreign exchange market situation in July 2026. Since July, the external environment has been complex and changing, geopolitical uncertainty has increased, and international financial markets have continued to fluctuate. China's foreign exchange market has maintained a smooth operation, the scale of foreign-related payments has been steadily expanding, market expectations are generally stable, and foreign exchange transactions are rational and orderly. Looking at the scale of foreign-related transactions, in July, the total cross-border balance of non-banking sectors such as enterprises and individuals was 1.7 trillion US dollars, an increase of 20% over the previous year; the volume of foreign exchange market transactions was 4.3 trillion US dollars, an increase of 8% over the previous year, all of which remained high.

The original text is as follows:

Li Bin, Deputy Director of the State Administration of Foreign Exchange and press spokesman, answered questions from reporters on the foreign exchange market situation in July 2026

Recently, the State Administration of Foreign Exchange released data on bank foreign exchange settlement and bank valet payments for July 2026. Li Bin, deputy director of the State Administration of Foreign Exchange and press spokesman, answered questions from reporters about the foreign exchange market situation in July 2026.

Q: How has China's foreign exchange market been running since July?

A: Since July, the external environment has been complex and changing, geopolitical uncertainty has increased, and international financial markets have continued to fluctuate. China's foreign exchange market has maintained a smooth operation, the scale of foreign-related payments has been steadily expanding, market expectations are generally stable, and foreign exchange transactions are rational and orderly.

Looking at the scale of foreign-related transactions, in July, the total cross-border balance of non-banking sectors such as enterprises and individuals was 1.7 trillion US dollars, an increase of 20% over the previous year; the foreign exchange market volume was 4.3 trillion US dollars, an increase of 8% over the previous year, all maintaining a high scale.

Looking at cross-border capital flows, in July, enterprises, individuals and other non-banking sectors had a net inflow of 59.8 billion US dollars of cross-border capital. Among them, the net inflow of capital under trade in goods remained high, and the net outflow of capital from trade in services and dividends paid to foreign-funded enterprises remained stable.

Looking at supply and demand in the foreign exchange market, in July, banks had a foreign exchange settlement surplus of 18.3 billion US dollars. Companies rationally carried out foreign exchange settlement transactions according to actual demand and changes in market conditions, and supply and demand in the foreign exchange market were basically balanced.

This article was compiled from the official website of the “State Administration of Foreign Exchange”. Zhitong Finance Editor: Feng Qiuyi.