Recently, the State Administration of Foreign Exchange announced the data of bank settlement and sales of foreign exchange and foreign-related collection and payment of bank agents in February 2021. Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, answered reporters' questions on the situation of foreign exchange revenue and expenditure in February 2021. Q: what is the situation of China's foreign exchange revenue and expenditure in February 2021? A: China's foreign exchange market continued to operate steadily in February. In terms of the main indicators, the surplus of foreign exchange settlement and sales of banks is US $28 billion, and the surplus of foreign-related revenue and expenditure of non banking sectors is US $33.2 billion. Among them, as the seasonal factors of centralized collection and settlement of foreign exchange under trade weaken and subside, the surplus of foreign exchange settlement and sales of goods trade and the surplus of cross-border revenue and expenditure of goods trade decrease, and the revenue and expenditure transactions in the foreign exchange market tend to be stable. The willingness of market participants to settle and sell foreign exchange is generally stable. In February, the settlement exchange rate to measure the willingness to settle foreign exchange, that is, the ratio of foreign exchange sold by customers to foreign exchange income of customers was 67%; The rate of foreign exchange sales, which measures the willingness to sell foreign exchange, that is, the ratio of customers' foreign exchange purchases from banks to customers' foreign exchange expenditure is 61%, which has little change compared with January. The two-way investment of cross-border capital is reasonable and orderly. In February, the surplus of foreign revenue and expenditure under direct investment was US $13.7 billion, which was the main channel of cross-border capital inflow, indicating that foreign capital is optimistic about the domestic market and development prospects; The two-way investment under securities became more balanced, with a surplus of US $3.2 billion. At present, novel coronavirus pneumonia is still spreading globally, and the unstable factors in the external environment are still more. However, the fundamentals of China's long-term economic development have not changed. The high level and two-way opening of financial markets will continue to promote the steady operation of domestic currencies and the balanced flow of cross-border capital.
