State Administration of Foreign Exchange: In July, the scale of bank foreign exchange settlement and sale increased by 12% and 16% respectively compared to the previous month.

Recently, the State Administration of Foreign Exchange announced the data of bank foreign exchange settlement and sales and foreign exchange receipts and payments for customers in July 2025. Li Bin, deputy director of the State Administration of Foreign Exchange and spokesperson, answered questions from reporters about the foreign exchange market situation in July 2025. Li Bin stated that since July, there has been increased volatility in the international foreign exchange market, with the US dollar index rebounding and then falling, leading to fluctuations and adjustments in non-US currencies. Li Bin pointed out that China's foreign exchange market has maintained stable operation: first, market expectations and transactions are stable and orderly. In July, the scale of bank foreign exchange purchases and sales increased by 12% and 16% respectively compared to the previous month, continuing the surplus trend in foreign exchange purchases and sales, with a scale of $22.8 billion. The exchange rate for enterprises, individuals, and other entities rose slightly compared to the previous month, while the selling rate remained stable, indicating stable market expectations and relatively active trading. Secondly, overall cross-border capital flows are stable. In July, the scale of cross-border income and expenditure for non-banking entities such as enterprises and individuals reached historical highs, with income and expenditure basically balanced. Among them, the net inflow of funds from goods trade increased by 33% compared to the previous month, maintaining a high level of operation; net outflows of funds from service trade and investment returns increased by 34% and 7% respectively compared to the previous month, mainly due to seasonal peaks in outbound travel by residents and dividends and profits from enterprises. China's economy is steadily advancing towards high-quality development, coupled with the increasing resilience of the foreign exchange market, will provide strong support for the stable operation of the foreign exchange market. This article is selected from the WeChat public account of the State Administration of Foreign Exchange; GMTEight editor: Chen Xiaoyi.