State Administration of Foreign Exchange: International financial markets continue to fluctuate and adjust, while cross-border capital maintains net inflows.

Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange, answered reporters' questions on the foreign exchange market situation in September 2026, noting that since September, the central banks of Europe, the United States and Japan have raised interest rates successively, foreign exchange and bond markets in some economies have seen relatively large fluctuations, and international financial markets have continued to fluctuate and adjust. China's foreign exchange market has been generally stable in operation. Overall, foreign-related transactions have remained active, with China's cross-border receipts and payments and the scale of foreign exchange settlement and sales increasing by 9% and 17% month on month respectively in September. Market expectations have been basically stable, and the foreign exchange settlement ratio and sales ratio of enterprises and other entities have both risen month on month. Cross-border capital has maintained net inflows, with net cross-border capital inflows into non-bank sectors such as enterprises and individuals reaching US$40.7 billion in September, down 35% month on month. 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 September 2026 Recently, the State Administration of Foreign Exchange published data on bank foreign exchange settlement and sales and banks' foreign-related receipts and payments for clients for September 2026. Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange, answered reporters' questions on the foreign exchange market situation in September 2026. Question: Since September, the external market environment has changed considerably. What is the operating situation of China's foreign exchange market? Since September, the central banks of Europe, the United States and Japan have raised interest rates successively, foreign exchange and bond markets in some economies have seen relatively large fluctuations, and international financial markets have continued to fluctuate and adjust. China's foreign exchange market has been generally stable in operation. Overall, foreign-related transactions have remained active, with China's cross-border receipts and payments and the scale of foreign exchange settlement and sales increasing by 9% and 17% month on month respectively in September. Market expectations have been basically stable, and the foreign exchange settlement ratio and sales ratio of enterprises and other entities have both risen month on month. Cross-border capital has maintained net inflows, with net cross-border capital inflows into non-bank sectors such as enterprises and individuals reaching US$40.7 billion in September, down 35% month on month. In terms of channel characteristics, funds under goods trade have continued to show relatively large net inflows. The services trade deficit has been relatively stable, among which Chinese residents' willingness to travel abroad and foreign nationals' willingness to travel to China are both strong, and travel income and expenditure have remained at relatively high levels. Enterprises' outward direct investment has increased, among which financing provided by domestic entities to overseas affiliated enterprises has risen rapidly, which is related to changes in domestic and external interest rates and, to a certain extent, also reflects the enhanced function of the renminbi as a financing currency. This article is excerpted from the official website of the "State Administration of Foreign Exchange"; edited by Liu Jiayin, GMTEight.