At the press conference of the State Council Information Office on the date, Li Hongyan, Deputy Director of the State Administration of Foreign Exchange, stated that in recent times, the overall trend of foreign capital allocating to RMB assets has been positive. This year, the comprehensive yield of RMB bonds has remained favorable, attracting increased allocation by overseas investors to RMB bonds. As of now, the total amount of RMB bonds held by foreign investors within the country has exceeded USD billion, reaching a historical high.

From the perspective of stock structure, foreign central banks, commercial banks, and other conservative investors are the main holders, with a higher proportion of investments in long-term bonds such as government bonds and policy-oriented financial bonds, indicating strong investment stability. Additionally, driven by the rise in the domestic stock market, foreign net purchases of domestic stocks have generally increased since late the month, further enhancing the willingness of foreign investors to allocate RMB assets.

Currently, the investment of foreign investors in the domestic capital market is still in its initial stages, with the scale and proportion of RMB assets held not being particularly high. The proportion of foreign capital in domestic stock and bond markets is around %%, and there is further room for improvement, supported by multiple favorable factors. Li Hongyan stated that RMB assets have excellent diversification effects for risk management and provide good investment value.

Currently, the scale of China's bond market and stock market both rank second globally. The stability of the RMB and the diversity of assets offer relatively independent returns on a global scale, which helps global investors diversify their asset portfolios and mitigate risks. Meanwhile, the proportion of RMB in global cross-border transactions is steadily increasing, and its international influence is gradually strengthening, making it an important choice for global investors seeking diversified asset allocation.

At the press conference, the State Administration of Foreign Exchange announced the foreign exchange revenue and expenditure data of our country for the first three quarters of this year. According to the data on foreign-related receipts and payments by banks on behalf of their clients, the foreign-related income by banks on behalf of their clients for the first three quarters of this year was $X billion, the foreign-related payments were $Y billion, and the surplus in foreign-related receipts and payments was $Z billion. Li Hongyan stated that the foreign exchange market in our country has shown strong resilience this year, with the recent situation stabilizing and improving. The RMB exchange rate has remained basically stable, foreign exchange market transactions have been rational and orderly, and the balance of international payments has been maintained.

Recently, the Bank of China released its Cross-border RMB Index for the second quarter of the year. The data shows that the index for the second quarter was XX, an increase of XX points from the previous quarter. In the second quarter, as disclosed by the State Administration of Foreign Exchange, the proportion of RMB in bank customer receipts and payments reached XX%, a two percentage point increase from the previous quarter, further enhancing the usage of RMB in China's cross-border receipts and payments. Meanwhile, more overseas market entities are using RMB for financing, and the scale of cross-border RMB financing continues to expand.

As of the end of the month, the balance of Panda Bonds held by the Shanghai Clearing House reached RMB 100 billion, a year-on-year increase of %. The balance of offshore RMB bonds that had not matured exceeded RMB 1 trillion, a year-on-year increase of %. In the field of cross-border RMB investment, overseas institutions showed a more positive intention to hold RMB bonds. As of the end of the month, the balance of RMB bonds held by overseas institutions within the country exceeded RMB 1 trillion.

Next, the State Administration of Foreign Exchange will steadfastly and efficiently carry out tasks related to promoting reforms and preventing risks in the foreign exchange sector, further enhancing support for the real economy and fostering sustained and sound economic recovery.