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Reporter Zhang Shoulin, editor Zhang Yiming, China Business Network

On August 15, the State Administration of Foreign Exchange released data on banks' foreign exchange settlement and sales and banks' foreign-related collection and payment on behalf of customers in July 2024.

According to the statistics of the State Administration of Foreign Exchange, in July 2024, banks settled RMB 1,316.9 billion and sold RMB 1,705.7 billion. From January to July 2024, banks settled RMB 8,874 billion and sold RMB 10,071.2 billion.

A relevant official from the State Administration of Foreign Exchange said that as the internal and external environment improves in the future, the positive factors for the smooth operation of my country's cross-border capital flows will increase further.

In July, banks settled RMB 1,316.9 billion in foreign exchange and sold RMB 1,705.7 billion in foreign exchange

In terms of US dollars, in July 2024, banks settled US$184.7 billion and sold US$239.2 billion. From January to July 2024, banks settled US$1248.3 billion and sold US$1416.5 billion.

Bank foreign exchange settlement and sales refer to the settlement and sales of foreign exchange handled by banks for their customers and themselves, including forward settlement and sales performance and option exercise data, excluding interbank foreign exchange market transaction data. The statistical time point for bank foreign exchange settlement and sales is when the RMB and foreign exchange exchange behavior occurs. Among them, settlement refers to the sale of foreign exchange by the owner of foreign exchange to the bank, and sale refers to the sale of foreign exchange by the bank to the user of foreign exchange. The difference between settlement and sale is the difference between settlement and sale.