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在线翻译:
szdaily -> Business -> 
Banks report net forex settlement surplus: official
    2021-01-25  08:53    Shenzhen Daily

THE amount of foreign exchange settlement and sales by Chinese lenders last year were US$2.05 trillion and US$1.89 trillion, respectively, with a surplus of US$158.7 billion, the country’s forex regulator said Friday.

China’s commercial banks saw a net forex settlement surplus of US$66.6 billion last December, data from the State Administration of Foreign Exchange (SAFE) showed.

Breaking it down, forex purchases by banks stood at US$254 billion last month, while sales reached US$187 billion.

“China’s forex market recorded settlement surplus last year, with cross-border capital flows presenting bi-directional volatility and bank clients’ willingness to finance via forex market being generally stable,” said Wang Chunying, deputy director and spokesperson for the SAFE.

“The risk-neutral awareness of market entities has been on the rise and the scale of foreign exchange reserves was kept basically stable,” she added.

Data showed that China’s foreign exchange reserves settled on roughly US$3.22 trillion by the end of 2020, expanding by US$108.6 billion from a year earlier.

The snapback of the yuan against the U.S. dollar is contributed by changes in both the internal and external environments, Wang said.

“Observation results showed the influences caused by yuan’s periodic appreciation over the international balance of payments is within the normal range. It has not changed China’s reasonable current account surplus, nor has it changed the two-way flow of cross-border capital.”

“From a micro perspective, yuan appreciation has brought certain benefits for enterprises’ imports and foreign investment,” Wang added.

At present, about 93 percent of the yuan bonds held by foreign investors are treasury bonds and bank bonds, and foreign central banks and other prudent investors account for more than half of the foreign capital, speaking volumes for foreign investors’ consistent willingness to buy China’s low-risk bonds, Wang elaborated.(SD-Xinhua)

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