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China foreign exchange market remains stable in July
China's foreign exchange market remained stable in July, aligning with market expectations despite global geopolitical uncertainties and financial market volatility. According to the State Administration of Foreign Exchange (SAFE), bank foreign exchange settlements reached $266.3 billion in July, while sales totaled $248 billion, resulting in an $18.3 billion surplus.
For the first seven months of 2026, cumulative settlements totaled $1,831.6 billion against $1,542.2 billion in sales, yielding a surplus of $289.4 billion. The balance of supply and demand was supported by expanding cross-border transactions. Non-bank institutional inflows and payments totaled $1.7 trillion in July, a 20% year-on-year increase, with a net capital inflow of $59.8 billion.
In the gold market, Chinese demand remained steady in July despite price volatility. While the jewelry sector faced challenges due to high prices, physical gold investment demand remained broadly unchanged. ETF assets under management in China rose 3% to ¥250 billion ($37 billion), driven by geopolitical uncertainty and persistent accumulation by the People's Bank of China.
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- [● 4 SOURCES] The July foreign exchange surplus was $18.3 billion. www-preprod.liberoquotidiano.it · www.lacronaca24.it · ladiscussione.com · lecodellitorale.it
- [● 4 SOURCES] Bank foreign exchange sales in July totaled $248 billion. www-preprod.liberoquotidiano.it · www.lacronaca24.it · ladiscussione.com · lecodellitorale.it
- [● 4 SOURCES] In the first seven months of 2026, cumulative settlements totaled $1,831.6 billion. www-preprod.liberoquotidiano.it · www.lacronaca24.it · ladiscussione.com · lecodellitorale.it
- [● 4 SOURCES] Bank foreign exchange settlements in July reached $266.3 billion. www-preprod.liberoquotidiano.it · www.lacronaca24.it · ladiscussione.com · lecodellitorale.it
- [● 4 SOURCES] The cumulative surplus for the first seven months of 2026 was $289.4 billion. www-preprod.liberoquotidiano.it · www.lacronaca24.it · ladiscussione.com · lecodellitorale.it
- [● 4 SOURCES] The Chinese currency market remained stable in July despite geopolitical uncertainties and international market fluctuations. www-preprod.liberoquotidiano.it · www.lacronaca24.it · ladiscussione.com · lecodellitorale.it