In July 2026, the Chinese foreign exchange market maintained stable operation despite increasing geopolitical uncertainty and fluctuations in international financial markets. According to data from the State Administration of Foreign Exchange, banks settled foreign exchange transactions totaling 1.8097 trillion yuan during the month.
At the same time, banks sold foreign currency worth 1.6856 trillion yuan. The difference between purchases and sales indicates a continued relative balance in the domestic foreign exchange market.
From January to July 2026, the total volume of bank settlements of foreign exchange amounted to approximately 12.602 trillion yuan, while foreign currency sales totaled about 10.605 trillion yuan.
The volume of cross-border financial flows also remained significant. In July, banks recorded foreign income on behalf of their clients totaling 5.8837 trillion yuan, while foreign payments amounted to 5.477 trillion yuan.
For the first seven months of this year, the cumulative foreign income of bank clients was approximately 38.313 trillion yuan, and foreign payments totaled about 36.199 trillion yuan.
According to Li Bin, deputy director and spokesperson of the State Administration of Foreign Exchange, the international environment remains complex and unstable. Geopolitical risks are increasing, and global financial markets continue to experience significant volatility.
However, according to him, the Chinese foreign exchange market maintains stability. The volume of cross-border income and expenditure continues to grow, expectations of market participants remain relatively stable, and foreign exchange transactions proceed rationally and orderly.
The July figures, according to Chinese authorities, confirm the resilience of the domestic foreign exchange market even during a period of increased uncertainty in the global economy.
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