SAFE Deputy Administrator and Press Spokesperson Li Bin Answers Media Questions on Foreign Exchange ...
Published: October 12, 2026
Sources & Verification
Primary Source
State Administration of Foreign Exchange (SAFE) — Official document ↗
CPG Analysis
AI-assisted summary of the official source linked above, pending human review.
Verification
AI-assisted summary · generated Oct 12, 2026 · pending human review
This summary was generated by AI from the linked official source. It has not been reviewed line-by-line by a human editor.
⚠ This is a policy signal, not a confirmed rule.
No immediate compliance change has been identified. Monitor for official implementation documents.
⚡ Impact at a Glance
Who is affected
Banking and FX services, import/export trade, outbound travel and education services, foreign-invested enterprises (dividend remittances)
Cities / Agencies
Nationwide · State Administration of Foreign Exchange (SAFE)
What to do now
Monitor only — no action required
Source & verification
SAFE · AI-assisted summary · generated Oct 12, 2026 · pending human review
What to watch next
SAFE: monthly bank FX settlement/sales and cross-border receipts data for September and October 2026; SAFE: any changes to macro-prudential FX risk reserve ratios or cross-border financing parameters; PBOC/SAFE: statements on RMB exchange-rate policy direction and any new FX flow-management measures
Executive Summary
China's foreign exchange regulator, SAFE, released August 2026 data showing continued cross-border capital inflows and a stable currency market despite volatility abroad. Non-banking sectors saw USD 1.5 trillion in total cross-border receipts and payments, with net inflows of USD 62.4 billion. Banks ran a USD 48.5 billion surplus in FX settlement, and enterprises' willingness to convert foreign currency earnings remained broadly steady. This is a data release and commentary rather than a new rule, so it signals the current policy stance rather than imposing obligations.
Key Points
Total cross-border receipts and payments by non-banking sectors (enterprises and individuals) reached USD 1.5 trillion in August 2026, continuing the rapid growth trend seen since the start of the year.
Net cross-border capital inflows hit USD 62.4 billion in August, up 4% month-on-month, with net goods-trade inflows remaining at a relatively high level.
The services trade deficit widened 6% month-on-month, driven by higher summer outbound study and travel spending.
Dividend and profit remittances by foreign-invested enterprises fell 23% month-on-month, retreating from their seasonal peak, and two-way cross-border direct investment was broadly stable.
China's FX market trading volume reached USD 3.9 trillion in August, and banks recorded a USD 48.5 billion surplus in foreign exchange purchases and sales.
The FX sales ratio for enterprise foreign exchange receipts was 61.5% in August, 2.7 percentage points below the January-July average, indicating stable expectations and little change in settlement behaviour.
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