State Administration of Foreign Exchange: China's Foreign Economic Development Remains Stable, Foreign Exchange Market Trading Stays Active

People’s Financial News, March 16 — Li Bin, Deputy Director and spokesperson of the State Administration of Foreign Exchange, answered reporters’ questions about the foreign exchange market situation in February 2026: Since February, international geopolitical conflicts have intensified, and fluctuations in the international financial markets have increased. Overall, China’s foreign exchange market has remained stable. In terms of trading volume, in February, the foreign exchange market traded 2.6 trillion USD, with cross-border receipts and payments by enterprises, individuals, and other non-bank sectors totaling 1.2 trillion USD. Excluding the impact of the Spring Festival holiday, the daily average increased by 2% month-on-month in trading volume and 12% in cross-border receipts and payments. Regarding foreign exchange supply and demand, in February, net cross-border capital inflows by non-bank sectors such as enterprises and individuals amounted to 35.6 billion USD, a decrease of 57% month-on-month. Among them, net cross-border capital inflows under goods trade reached 67.8 billion USD, down 26% month-on-month. In February, banks had a foreign exchange settlement and sales surplus of 42.8 billion USD, a decrease of 46% month-on-month. Since March, cross-border capital inflows and outflows have been basically balanced, with supply and demand relatively stable. Overall, China’s foreign-related economy is developing steadily, foreign exchange market transactions remain active, enterprises’ willingness to settle foreign exchange has slightly decreased, demand for foreign exchange purchase remains stable, and market expectations are generally steady.