News from our newspaper (reporter Liu Qi) On May 17, the State Administration of Foreign Exchange (hereinafter referred to as "SAFE") announced the data of bank settlement and sales of foreign exchange and foreign related collection and payment on behalf of customers in April 2024. According to the data, in April, the bank settled US $173.7 billion of foreign exchange and sold US $211.8 billion of foreign exchange in dollar terms. From January to April 2024, banks have settled US $715.9 billion of foreign exchange and sold US $778.8 billion of foreign exchange.

In dollar terms, in April 2024, the foreign income of bank agents was 592.1 billion dollars, and the external payment was 630.3 billion dollars. From January to April 2024, the accumulated foreign income of bank agents is 2250.7 billion dollars, and the accumulated foreign payments are 2285.8 billion dollars.

The SAFE said that in April, China's cross-border capital flows were affected by multiple factors. Among them, the development of foreign trade has shown an obvious positive trend, the cross-border trade surplus in goods has maintained a high scale, and it continues to play a fundamental role in stabilizing cross-border capital flows; Foreign capital actively allocated RMB assets. In April, foreign investors bought 124.7 billion yuan and 45.1 billion yuan of domestic bonds and stocks, respectively. In addition, cross-border foreign currency receipts and payments were basically balanced in April, and cross-border RMB net outflows increased, mainly reflecting the impact of relatively low RMB financing costs. Since May, the internal and external environment has continued to improve, and cross-border capital flows have become more balanced. In the future, as the positive factors in China's economic operation continue to increase, the supporting role of the basic foreign exchange market will be further strengthened, which will help China's cross-border capital flows become more balanced.