CCTV News: According to the website of the State Administration of Foreign Exchange, the State Administration of Foreign Exchange recently released the data on foreign receipts and payments and foreign exchange settlement and sales of banks on behalf of customers in February 2025. Li Bin, deputy director and spokesperson of the State Administration of Foreign Exchange, answered reporters' questions about the foreign exchange receipts and expenditure situation in February 2025.
Q: What changes have occurred in my country's foreign exchange revenue and expenditure situation in February 2025?
A: The foreign exchange market was running smoothly in February, with cross-border funds showing net inflows. In February, the cross-border revenue and expenditure surplus of non-bank sectors such as enterprises and individuals was US$29 billion. From the main channels, first, my country's foreign trade has developed steadily, with a net inflow of cross-border funds under the trade of goods of US$64.8 billion, continuing to be at a high level in the same period in history. Second, the domestic economy rebounded and technological development boosted market confidence. In February, foreign capital increased its net holdings of domestic bonds and stocks totaling US$12.7 billion. Third, the outflow of funds for service trade and investment income is at a seasonal low. In February, the difference in foreign exchange settlement and sales of banks tended to be basically balanced. The exchange rate that measures the willingness of enterprises and individuals to purchase foreign exchange fell significantly. Market expectations and transactions remained rational and orderly, and the overall balance between domestic and foreign exchange supply and demand.
Looking forward, my country's foreign exchange market will continue to operate smoothly. First, my country will steadily promote high-quality development, implement more active and effective macro policies, vigorously boost consumption, actively expand effective investment, develop new quality productivity according to local conditions, stabilize expectations and stimulate vitality, and promote the sustained recovery and improvement of the economy. Second, high-level opening up is steadily advancing, stabilizing the development of foreign trade, encouraging foreign investment, and helping to promote the balanced flow of cross-border funds. Third, my country's foreign exchange market is more mature and resilient, and the two-in-one management framework of "macroprudential + micro-regulation" is constantly being improved, and the ability to prevent and resolve external shocks is further improved.
