In July, the foreign exchange market operated steadily and the balance of payments continued to show a surplus.

The data released by the State Administration of Foreign Exchange recently shows that in July of this year, banks' foreign exchange settlement amounted to 1.67 trillion yuan, while foreign exchange sales reached 1.51 trillion yuan; banks' foreign exchange income for customers involved 4.9357 trillion yuan, while payments to foreign entities reached 4.9909 trillion yuan. In the first seven months of this year, banks accumulated 9.8835 trillion yuan in foreign exchange settlement and 9.902 trillion yuan in foreign exchange sales; banks' cumulative foreign exchange income for customers totaled 32.6705 trillion yuan, while payments to foreign entities reached 31.8116 trillion yuan. Deputy Director of the State Administration of Foreign Exchange and spokesperson Li Bin stated that since July, there has been increased volatility in the international foreign exchange market. After a rebound, the US dollar index has fallen, causing non-US currencies to adjust accordingly. China's foreign exchange market has remained stable, with market expectations and transactions proceeding smoothly and orderly. In July, the scale of banks' foreign exchange settlement and sales increased by 12% and 16% compared to the previous month, continuing the surplus trend, with a scale of 22.8 billion US dollars. The exchange rates for enterprises, individuals, and other entities increased slightly compared to the previous month, while the sales rate remained stable, indicating stable market expectations and relatively active trading.