Market participants: It is expected that the balance of foreign currency deposits will stabilize at the trillion-dollar level in the second half of the year, continuing the growth trend.

The latest data shows that as of the end of June, the balance of foreign currency deposits increased by 21.7% year-on-year to reach $1.02 trillion. Foreign currency deposits increased by $165.5 billion in the first half of the year. Market participants believe that this is not only a direct reflection of the increase in trade receipts driven by the improvement in exports, but also reflects the willingness of businesses to hold foreign exchange in order to avoid "buying high" for exchange, retaining foreign exchange for value-added or to hedge against currency risks. In the second half of the year, the balance of foreign currency deposits is expected to stabilize at over a trillion dollars, continuing the growth trend.