China's banks net sold FX in Jan-Aug with widening surplus

Published Sep 15, 08:34 AM UTC

According to data released by the State Administration of Foreign Exchange (SAFE) on September 15, 2026, Chinese banks settled foreign exchange worth RMB 1.709 trillion and sold foreign exchange worth RMB 1.38 trillion in August 2026. For the January-August 2026 period, cumulative bank foreign exchange settlements reached RMB 14.3111 trillion, while sales totaled RMB 11.9848 trillion. In USD terms, August settlements were $251.8 billion and sales $203.3 billion; cumulative settlements from January to August were $208.34 billion and sales $174.55 billion. Additionally, banks received cross-border payments on behalf of clients totaling RMB 5.2718 trillion in August, with external payments of RMB 4.8486 trillion. Cumulative client-related cross-border receipts from January to August reached RMB 43.5846 trillion, and external payments were RMB 41.048 trillion. The data provides a snapshot of China's foreign exchange flows and cross-border payment activity.

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