Forex Administration: Foreign investors' willingness to allocate Renminbi assets continues to improve. In late April, foreign investment in domestic stocks turned into net buying.

Li Bin, deputy director and spokesperson of the State Administration of Foreign Exchange, stated that in April, non-bank sectors such as enterprises and individuals saw a net inflow of cross-border funds totaling $17.3 billion. By looking at the main channels, it can be observed that China's foreign trade has shown some resilience, with a net inflow of cross-border funds totaling $64.9 billion under the goods trade category, maintaining a relatively high level. Secondly, there is a continued positive sentiment towards foreign investment in RMB assets. In April, foreign investment saw a net increase in holding domestic bonds totaling $10.9 billion, reaching a high level. In late April, foreign investment in domestic stocks turned into a net buying trend. Thirdly, the main outflow channels remained stable and orderly. In April, the net outflow of funds in the service trade sector remained relatively stable compared to the previous month; the seasonal increase in profit repatriation by foreign-funded enterprises was lower than the same period last year; inbound and outbound direct investment in China remained stable; and cross-border funds related to borrowing and lending between associated enterprises have moved from a net outflow to a basic balance.