Zhu Hexin: Since the beginning of this year, foreign investment in domestic bonds has been at a relatively high level, and recently there has been an increase in purchases of domestic stocks.

On June 18th, 2025, the Director of the State Administration of Foreign Exchange, Zhu Hexin, stated at the 2025 Lujiazui Forum that since the beginning of this year, the exchange rate of the Renminbi has fluctuated in both directions, with increased flexibility. The Renminbi has appreciated by 1.6% against the US dollar, and remains stable against a basket of currencies. China's foreign trade has maintained strong resilience, and the current account surplus is at a reasonable and balanced level. Cross-border investment is becoming more active, with a higher level of net foreign holdings of domestic bonds and an increase in recent purchases of domestic stocks.