State Administration of Foreign Exchange: In May, banks' foreign exchange settlement was 1.6676 trillion yuan, and sales were 1.4229 trillion yuan.

The statistics from the State Administration of Foreign Exchange show that in May 2026, banks sold RMB 1667.6 billion and bought RMB 1422.9 billion. From January to May 2026, banks sold a total of RMB 8762.4 billion and bought RMB 7275.5 billion. In terms of US dollars, in May 2026, banks sold $243.9 billion and bought $208.1 billion. From January to May 2026, banks sold a total of $1267.5 billion and bought $1053 billion. In May 2026, banks' foreign exchange income from clients was RMB 5291.3 billion and payments were RMB 4863.7 billion. From January to May 2026, banks' total foreign exchange income from clients was RMB 26334 billion and payments were RMB 24880.3 billion. In terms of US dollars, in May 2026, banks' foreign exchange income from clients was $773.8 billion and payments were $711.2 billion. From January to May 2026, banks' total foreign exchange income from clients was $3811.3 billion and payments were $3601.2 billion. Li Bin, Deputy Director and spokesperson of the State Administration of Foreign Exchange, answered questions from reporters about the foreign exchange market situation in May 2026. Recently, the State Administration of Foreign Exchange released data on banks' foreign exchange transactions and foreign exchange income and payments by clients in May 2026. Li Bin, Deputy Director and spokesperson of the State Administration of Foreign Exchange, answered questions from reporters about the foreign exchange market situation in May 2026. Question: What are the characteristics and changes in China's foreign exchange market in May? Since May, the international financial markets have continued to fluctuate, but the overall operation of China's foreign exchange market has been stable. There are three main characteristics: First, active cross-border transactions. In May, the total cross-border transactions of enterprises, individuals, and other non-bank sectors amounted to $1.5 trillion, an increase of 22% year-on-year. The trading volume in the foreign exchange market was $3.4 trillion, similar to the same period last year. Second, cross-border net inflows of funds are relatively stable. In May, non-bank sectors' net inflows of funds amounted to $62.5 billion, a slight increase of 1% month-on-month. The surplus in banks' foreign exchange transactions was $35.8 billion, a decrease of 11% compared to the previous month. The main channels for net inflows of funds are still goods trade, while services trade continues to be in deficit, and the seasonal increase in dividend payments from foreign-funded enterprises has led to a net increase in foreign investment in domestic stocks and bonds. Third, the foreign exchange market expectations remain stable. In May, the exchange rate for foreign exchange income and payments for enterprises remained stable compared to the previous month, indicating that the willingness of various entities to sell and buy foreign exchange is stable, and related transactions are carried out orderly based on actual demand. This article was excerpted from the official website of the State Administration of Foreign Exchange, edited by Li Fo.