Dialogue

A Look at First-Half 2020 Foreign Exchange Data

来源: CHINA FOREX 2020 Issue 3
At a press conference held by the State Council Information Office (SCIO) on July...

At a press conference held by the State Council Information Office (SCIO) on July 172020Wang Chunyingdeputy administrator and press spokesperson of the State Administration of Foreign Exchange (SAFE)brief on the foreign exchange receipts and payments situations for the first half of this year and answer questions from the press. The following is an edited transcript.

Wang Chunying: Welcome to today's press conference. FirstI'd like to brief you on the foreign exchange receipts and payments situation for the first half of this year. Then I will take your questions.

In the first half of 2020the COVID-19 pandemic dealt a great blow to the world economywith sharp swings seen in global financial markets. Currently the pandemic and the world economic conditions are still challengingcomplicated and full of uncertainties. On the domestic frontas the Covid-19 situation came under control and the resumption of work yielded significant resultsthe economy has gradually recovered since the second quarter. Economic indicators have shown marginal improvements and the renminbi exchange rate has become increasingly elastic while maintaining overall stability. Cross-border capital flows have remained stable. The foreign exchange market witnessed balanced supply and demand,and demonstrated stronger resilience against external shocks.

According to the data on foreign exchange settlement and sales by banks in the first half of 2020,banks settled US$ 953.5 billion and sold US$ 874.9 billion in foreign exchange,representing a surplus of US$ 78.6 billion,or in renminbi terms,banks settled 6.7 trillion yuan and sold 6.1 trillion in foreign exchange,recording a surplus of 553.1 billion yuan. At the same time,banks handled foreign-related receipts of US$ 1.9066 trillion and payments of US$ 1.9045 trillion for customers,representing a surplus of US$ 2 billion,or in renminbi terms,banks handled foreign-related receipts of 13.4 trillion yuan and payments of 13.4 trillion yuan for customers,recording a surplus 15.6 billion yuan.

本文是付费内容,请先 登录数字阅读账户订阅数字杂志
数字杂志阅读
您尚未登陆
登陆 注册
本期