China's foreign exchange market functioned stably in January

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Beijing, February 13 (Xinhua) — China's foreign exchange market continued to function steadily in January 2026, showing a net inflow of cross-border capital, according to data released Friday by the State Administration of Foreign Exchange (SAFE).

According to the State Tax Service, last month the volume of foreign currency purchases and sales by banks, converted into US dollars, reached 286.3 billion and 206.5 billion US dollars, respectively.

Ministry spokesman Li Bin said that due to seasonal factors, the foreign exchange surplus fell by 20 percent compared to the figure recorded in December 2025.

Cross-border receipts and payments by enterprises and individuals outside China's banking sector last month amounted to $781.6 billion and $699.5 billion, respectively, according to the State Customs Service's data.

Net capital inflows from trade in goods decreased by 27 percent month-on-month in January, while net outflows from trade in services increased by 23 percent. According to Li Bin, net capital inflows from securities investments remained stable.

Last month, China's foreign exchange market saw active trading and stable expectations, and cross-border capital flows became increasingly stable, Li Bin concluded. -0-

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