CCTV News: The State Administration of Foreign Exchange announced the foreign exchange revenue and expenditure situation in my country in the first quarter on the 22nd. Data shows that China's foreign exchange market is generally stable.
The latest data from the State Administration of Foreign Exchange showed that in the first quarter, the net cross-border funds in non-bank sectors such as enterprises and individuals were US$51.7 billion, a high level in the same period in history. Among them, the net inflow of cross-border funds under the trade of goods was US$206.3 billion, an increase of 1.2 times year-on-year. From February to March, foreign capital increased its holdings of domestic bonds by US$26.9 billion, an increase of 84% year-on-year. From April 1 to 18, a net purchase of US$33.2 billion was maintained, maintaining a relatively high scale.
The foreign exchange market in my country is generally stable, foreign exchange market transactions are rational and orderly, cross-border funds show net inflows, and cross-border funds flows through major channels are stable and orderly.
A relevant person in charge of the State Administration of Foreign Exchange said that my country has accelerated the implementation of more active and proactive macro policies, and made efforts to promote the implementation and effectiveness of various policies. It has many economic advantages, strong resilience and great potential, and will continue to support the steady operation of the foreign exchange market. In the future, we will continue to deepen reform and opening up in the foreign exchange field, and will continue to introduce policies and measures to support the development of cross-border trade and facilitate cross-border investment and financing to help better stabilize foreign trade and foreign investment.
