Report from our newspaper (Reporter Liu Qi) May 17aces&eightspoker, the State Administration of Foreign Exchange (hereinafter referred to as the "SAFE") released data on bank settlement and sales and foreign-related receipts and payments by banks on behalf of customers in April 2024. data showsaces&eightspokerIn dollar terms, in April, banks settled US$173.7 billion and sold US$211.8 billion. From January to April 2024, banks have settled a total of US$715.9 billion in foreign exchange and sold a total of US$778.8 billion in foreign exchange.

In dollar terms, in April 2024, banks 'foreign-related income on behalf of customers was US$592.1 billion, and external payments were US$630.3 billion. From January to April 2024, the cumulative foreign-related income of bank customers was US$2,250.7 billion, and the cumulative external payments were US$2,285.8 billion.

The SAFE stated that in April, my country's cross-border capital flows were affected by multiple factors. Among them, the development of foreign trade is obviously improving, and the cross-border revenue and expenditure surplus of trade in goods has maintained a high scale, continuing to play a fundamental role in stabilizing cross-border capital flows; foreign capital actively allocates RMB assets, and foreign investors purchased net domestic bonds and stocks in April were 124.7 billion yuan and 45.1 billion yuan respectively. In addition, cross-border foreign currency receipts and expenditures were basically balanced in April, and cross-border net RMB outflows increased, mainly reflecting the impact of relatively low RMB financing costs. Since May, the internal and external environment has continued to improve and cross-border capital flows have become more balanced. In the future, as positive factors in my country's economic operation continue to increase, the supporting role of fundamentals in the foreign exchange market will be further enhanced, helping my country's cross-border capital flows to become more balanced.