The State Administration of Foreign Exchange said that foreign investors have increased their holdings in domestic securities for two consecutive months

Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said on the 15th that in April, our countryforeign exchange marketThe operation is stable, and the domestic foreign exchange supply and demand are basically balanced. Under the capital item, foreign direct investment in China continued to maintain a net inflow in April, and foreign capital purchased domestic securities on a net basis for two consecutive months.

Wang Chunying pointed out that in April, the surplus of foreign exchange settlement and sales of banks was 5.50 billion US dollars; the scale of foreign-related income and expenditure of non-bank sectors such as enterprises and individuals was basically the same. Taking into account other supply and demand factors such as forward settlement and sales of foreign exchange, option trading, and bank foreign exchange positions, the domestic foreign exchange market supply and demand are basically balanced.

"Exchange rate expectations remain stable, and market transactions are rational and orderly." According to Wang Chunying, from the perspective of the willingness to settle and sell foreign exchange, which measures market expectations, in April, the settlement exchange rate (the ratio of foreign exchange sold by customers to banks to customers' foreign exchange income) was 72%, an increase of 8 percentage points from the monthly average in the first quarter of this year; the selling exchange rate (the ratio of customers buying foreign exchange from banks to customers' foreign exchange expenditure) was 71%, an increase of 3 percentage points from the monthly average in the first quarter of this year. The willingness of market entities such as enterprises to settle and sell foreign exchange rose in April, indicating that the RMB exchange rate expectations were stable, the foreign exchange market transactions remained rational, and supply and demand achieved an independent balance.

In addition, Wang Chunying said that the cross-border capital flow under the current account continued to play a fundamental role in stabilizing the foreign exchange market, and the capital flow was generally stable and orderly. Under the current account, the cross-border income and expenditure surplus of goods trade in April was 29.30 billion US dollars, which continued to maintain a high level; the cross-border income and expenditure deficit of service trade was 6.30 billion US dollars, which was basically the same as the monthly average in the first quarter. Residents' cross-border travel expenditure recovered in an orderly manner, but it was still lower than the pre-epidemic level. Under the capital account, foreign direct investment in China continued to maintain a net inflow in April, and foreign capital purchased domestic securities for two consecutive months, indicating that the economic development prospects of our country and the value of RMB assets have further enhanced global investor confidence; foreign direct investment and foreign

Looking ahead, Wang Chunying pointed out that the foundation for the smooth operation of our country's foreign exchange market in the future is still solid. Adhering to the general tone of seeking progress while maintaining stability, our country's economic development has shown a good trend of recovery, market expectations have improved significantly, and the economic fundamentals have strengthened the support role of the foreign exchange market. In addition, as the pace of monetary policy tightening in major developed economies slows down, the spillover impact will gradually weaken. At the same time, in recent years, the resilience of our country's foreign exchange market has been significantly enhanced. The maturity of the market and the rationality of market entities have been continuously improved, and they can better adapt to changes in the