The Zhitong Finance App learned that Li Bin, deputy director of the State Administration of Foreign Exchange and press spokesman, pointed out in response to reporters' questions about the foreign exchange market situation in September 2026 that since September, the central banks of Europe, America, and Japan have raised interest rates one after another, and the foreign exchange and bond markets of some economies have fluctuated greatly, and the international financial market continues to fluctuate and adjust. China's foreign exchange market is generally running steadily. Looking at the overall situation, foreign-related transactions remained active. In September, the scale of China's cross-border payments and foreign exchange transactions increased by 9% and 17%, respectively, over the previous month. Market expectations were basically stable, and the settlement exchange rate and sales exchange rate of enterprises and other entities both increased month-on-month. Cross-border capital inflows remained net. In September, the net inflow of cross-border capital from non-banking sectors such as enterprises and individuals was US$40.7 billion, a decrease of 35% over the previous month.
The original text is as follows:
Li Bin, Deputy Director of the State Administration of Foreign Exchange and press spokesman, answered questions from reporters on the foreign exchange market situation in September 2026
Recently, the State Administration of Foreign Exchange released data on bank foreign exchange settlement and bank valet payments for September 2026. Li Bin, deputy director of the State Administration of Foreign Exchange and press spokesman, answered questions from reporters about the foreign exchange market situation in September 2026.
Q: The external market environment has changed a lot since September. What is the operating trend of China's foreign exchange market?
A: Since September, the central banks of Europe, America, and Japan have successively raised interest rates. Foreign exchange and bond markets in some economies have fluctuated greatly, and international financial markets have continued to fluctuate and adjust. China's foreign exchange market is generally running steadily.
Looking at the overall situation, foreign-related transactions remained active. In September, the scale of China's cross-border payments and foreign exchange transactions increased by 9% and 17%, respectively, over the previous month. Market expectations were basically stable, and the settlement exchange rate and sales exchange rate of enterprises and other entities both increased month-on-month. Cross-border capital inflows remained net. In September, the net inflow of cross-border capital from non-banking sectors such as enterprises and individuals was US$40.7 billion, a decrease of 35% over the previous month.
Judging from the characteristics of the channel, the net inflow of capital under trade in goods continued on a large scale. The service trade deficit is relatively stable. Among them, Chinese residents are more willing to travel abroad and foreigners are more willing to travel to China, and travel income and expenses remain at a high level. Foreign direct investment by enterprises has increased. Among them, domestic financing to overseas related enterprises has risen rapidly. This is related to changes in internal and external interest rates. To a certain extent, it also reflects an increase in the monetary function of RMB financing.
This article was compiled from the official website of the “State Administration of Foreign Exchange”. Zhitong Finance Editor: Liu Jiayin.