State Administration of Foreign Exchange: In August, China's non-banking sector cross-border receipts and payments totaled 1.5 trillion USD, continuing the rapid growth trend since the beginning of this year.

On September 15, Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange, answered reporters' questions on the foreign exchange market situation in August 2026. Li Bin said that since August, international financial markets have continued their volatile trend, with increased fluctuations in bond and foreign exchange markets in some economies, while China's foreign exchange market has operated steadily. Specifically: First, the scale of cross-border receipts and payments has continued to grow, and cross-border funds have maintained a net inflow. In August, cross-border receipts and payments by non-banking sectors such as enterprises and individuals totaled 1.5 trillion USD, continuing the rapid growth trend since the beginning of this year. Cross-border funds recorded a net inflow of 62.4 billion USD, a slight month-on-month increase of 4%. Second, the trading volume in the foreign exchange market has steadily increased, and market expectations have been generally stable. In August, the trading volume in the domestic foreign exchange market was 3.9 trillion USD, maintaining a relatively high scale. Banks recorded a surplus of 48.5 billion USD in foreign exchange settlement and sales, mainly due to the net inflow of foreign exchange funds. The foreign exchange settlement ratio of enterprises' foreign exchange income for the month was 61.5%, 2.7 percentage points lower than the average level of the first seven months of this year. Enterprises' willingness to settle and hold foreign exchange has been relatively stable, and market expectations have been generally stable. The original text is as follows: Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange, Answers Reporters' Questions on the Foreign Exchange Market Situation in August 2026 Recently, the State Administration of Foreign Exchange released data on bank foreign exchange settlement and sales and bank foreign exchange receipts and payments on behalf of clients for August 2026. Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange, answered reporters' questions on the foreign exchange market situation in August 2026. Question: How was China's foreign exchange market situation in August? Since August, international financial markets have continued their volatile trend, with increased fluctuations in bond and foreign exchange markets in some economies, while China's foreign exchange market has operated steadily. Specifically: First, the scale of cross-border receipts and payments has continued to grow, and cross-border funds have maintained a net inflow. In August, cross-border receipts and payments by non-banking sectors such as enterprises and individuals totaled 1.5 trillion USD, continuing the rapid growth trend since the beginning of this year. Cross-border funds recorded a net inflow of 62.4 billion USD, a slight month-on-month increase of 4%. From the perspective of main channels: First, the net inflow of funds under trade in goods was relatively large. Second, increased overseas study and travel during the summer vacation pushed the service trade deficit up by 6% month-on-month. Third, dividends and interest payments by foreign-invested enterprises narrowed by 23% month-on-month, falling back from the seasonal high. Fourth, cross-border two-way direct investment was basically stable. Second, the trading volume in the foreign exchange market has steadily increased, and market expectations have been generally stable. In August, the trading volume in the domestic foreign exchange market was 3.9 trillion USD, maintaining a relatively high scale. Banks recorded a surplus of 48.5 billion USD in foreign exchange settlement and sales, mainly due to the net inflow of foreign exchange funds. The foreign exchange settlement ratio of enterprises' foreign exchange income for the month was 61.5%, 2.7 percentage points lower than the average level of the first seven months of this year. Enterprises' willingness to settle and hold foreign exchange has been relatively stable, and market expectations have been generally stable. This article is excerpted from the official website of the "State Administration of Foreign Exchange," edited by GMTEight: Feng Qiuyi.