State Administration of Foreign Exchange: Net capital inflows under trade in goods remained high in September

On October 22nd, Li Bin, deputy director of the State Administration of Foreign Exchange, answered a reporter's question on the situation of the foreign exchange market in September 2025. In September, our country's foreign exchange market operated smoothly, mainly showing two characteristics. First, cross-border capital flows remained active and balanced. In September, cross-border income and expenditure of non-banking sectors such as enterprises and individuals totaled US $1.37 trillion, an increase of 7% compared with the previous month. Cross-border income and expenditure under both the current account and the capital account maintained a growth trend, indicating the steady development of our country's foreign-related economy. Due to the seasonal impact of the 11th holiday on cross-border receipts and payments, cross-border capital outflows were slightly net 3.10 billion US dollars in September, and have turned into net inflows since October. In terms of sub-items, our country's foreign trade has grown steadily. The net inflow of funds under trade in goods remained high in September; the cross-border capital flow under trade in services and ROI was relatively stable. Second, the supply and demand of the foreign exchange market are relatively balanced. In September, the bank's foreign exchange settlement and sales on behalf of customers increased significantly month-on-month, and enterprises and other entities flexibly carried out foreign exchange trading according to their own needs. The surplus of foreign exchange settlement and sales in September was 51 billion US dollars, of which there were more net foreign exchange settlements in the first and middle of the year, and the difference of foreign exchange settlement and sales in the second half of the year tended to be balanced. Since October, the bank's foreign exchange settlement and sales on behalf of customers have