China's foreign exchange market demonstrated strong resilience and vitality in the first half of the year, an official with the State Administration of Foreign Exchange (SAFE) said on Tuesday in Beijing.
The amounts of foreign exchange settlement and sales by banks in June were 1,490.0 billion yuan (207.7 billion U.S. dollars) and 1,308.3 billion yuan (182.3 billion U.S. dollars), respectively, according to the latest SAFE data.
From January to June 2025, the accumulative amounts of foreign exchange settlement and sales by banks were 8,213.5 billion yuan (1,143.2 billion U.S. dollars) and 8,395.0 billion yuan (1,168.5 billion U.S. dollars), respectively.
"In the first half of the year, banks' foreign exchange settlements and sales totaled 2.3 trillion U.S. dollars, a three percent year-on-year increase, making it the second highest level for this period in history. The foreign exchange market has operated smoothly, showing strong resilience and vitality, and performing better than market expectations," said Li Bin, SAFE's deputy director and spokesman.
In June , the amounts of banks' cross-border receipts and payments by non-banking sectors were 4,648.5 billion yuan (647.8 billion U.S. dollars) and 4,466.7 billion yuan (622.5 billion U.S. dollars), respectively.
From January to June 2025, the accumulative amounts of banks' cross-border receipts and payments by non-banking sectors were 27,734.7 billion yuan (3,860.6 billion U.S. dollars) and 26,820.7 billion yuan (3,733.3 billion U.S. dollars), respectively.
China's foreign exchange market shows strong resilience in H1
