China'S Cross-Border Capital Flows Are Relatively Large And Capital Outflows Are Stable.

　　 Foreign exchange bureau spokesman: in the first half of the year, cross-border funds did not show sustained massive outflow.

Foreign exchange bureau spokesman Wang Chunying 23, at the State Council new office announced that the first half of our country Cross border funds The volatility of liquidity is still relatively large, but there is no sustained and massive outflow of capital, especially in the two quarter, which has narrowed the outflow of funds than in the first quarter.

From the data of bank settlement and sale, in the first quarter of 2015, the foreign exchange deficit was 91 billion 400 million US dollars, which averaged 30 billion 500 million US dollars in the month. The deficit in the two quarter was narrowed to 13 billion 900 million US dollars. The deficit narrowed to 17 billion 300 million US dollars in April, and 1 billion 300 million and 2 billion 100 million US dollars in 5 and June respectively.

From the point of view of bank accounts receipts and payments from foreign banks, the balance of payments between January and February amounted to 27 billion 500 million US dollars per month, from March to April, the average monthly deficit was 22 billion 300 million US dollars, and May to June returned to the average monthly surplus of 17 billion US dollars.

At the same time, the willingness of the market participants to exchange foreign exchange will rise and decrease, and the motivation to purchase foreign exchange will be weakened from strong to weak. In the first quarter, we measured the willingness of enterprises and individuals to settle their foreign exchange. Rate of exchange settlement That is to say, the foreign exchange receipts earned by foreign exchange receipts instead of foreign exchange earnings from foreign exchange accounts for 69% of foreign exchange earnings, which is 3 percentage points lower than that in the fourth quarter of 2014. The exchange rate in the two quarter was 74%, an increase of 5 percentage points compared with the first quarter. In the first quarter, the foreign exchange sales rate, which was used to measure the motives of foreign exchange purchase, was 79%, which accounted for 6 of the total foreign exchange payments by the clients, and increased by 6 percentage points compared with the fourth quarter of 2014. The sales rate in the two quarter was 75%, down 4 percentage points compared with the first quarter. It can be seen that since April, enterprises have changed with the changing market conditions. Foreign related revenue and expenditure The behavior has been adjusted.

Wang Chunying pointed out that the next stage of foreign exchange management should do four jobs. First, we must vigorously develop the foreign exchange market, expand the breadth and depth of the market, so as to hedge risks; two, we must vigorously monitor cross-border capital flows and early warning, enrich the tools for counter cyclical adjustment; three, continue to increase the risk education for market participants; four, continue to improve data transparency.