In January, China's banking foreign exchange sales and purchases continued to maintain a surplus.

The State Administration of Foreign Exchange recently released statistical data showing that in January 2026, banks sold 20.048 trillion yuan in foreign exchange and bought 14.457 trillion yuan; banks' foreign-related income for clients amounted to 54.722 trillion yuan, while payments to foreign parties were 48.974 trillion yuan. Li Bin, deputy director of the State Administration of Foreign Exchange and spokesperson, introduced that in January, the surplus of banks' foreign exchange transactions, as well as the net inflow of cross-border funds from non-bank sectors such as enterprises and individuals, decreased compared to the previous month. This is mainly due to seasonal factors, with rapid increases in enterprise receipts and foreign exchange transactions, and as demand gradually releases, recent growth in enterprise receipts and foreign exchange transactions has slowed down. "Overall, the foreign exchange market in China is active, expectations are stable, and cross-border fund flows are becoming more stable," said Li Bin.