China-Forex Settlement/Q1-Q3

Chinese banks log surplus of forex settlement, cross-border payments and receipts in Q1-Q3

  • English

Shotlist


FILE: Beijing, China - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Various of State Administration of Foreign Exchange building

FILE: Guangzhou City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
2. Various of entrance to Agricultural Bank of China, LED sign
3. Customers in bank
4. Bank clerk working

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
5. Various of bank clerk counting Chinese yuan banknotes
6. Yuan notes going through bill counter
7. Various of clerks, customers in commercial bank
8. Various of Chinese yuan notes being counted
9. LED sign of RMB currency symbol

FILE: Shanghai, China - Aug 6, 2018 (CCTV - No access Chinese mainland)
10. Sign at counter reading (Chinese/English) "Currency Exchange"

FILE: Beijing, China - Exact Date Unknown (CCTV - No access Chinese mainland)
11. Various of bank clerks working in China Construction Bank, customers

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
12. Various of Chinese yuan banknotes going through bill counter
13. Various of Chinese yuan, U.S. dollar banknotes on desk; banknotes being counted by bank clerk

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
14. Various of Euro banknotes going through bill counter

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
15. Various of brokers working on trading floor of exchange

Storyline


China's commercial banks raked in both the surplus of net forex settlement and cross-border payments and receipts in the first three quarters of this year, the country's forex regulator said Friday.

The commercial banks reported a net forex settlement surplus of 180 billion U.S. dollars, and a surplus of 234.8 billion U.S. dollars in net forex settlement and sales, data from the State Administration of Foreign Exchange (SAFE) showed.

The two major indicators showed that China's stable recovery has underpinned the stable operation of the forex market, said Wang Chunying, spokeswoman with the SAFE, at a news briefing in Beijing.

During the January-September period, the willingness of market entities to sell forex remained stable, while their appetite for settle forex increased, she said.

The selling rate to measure the willingness to purchase forex, or the ratio of forex purchased by customers from banks to their forex expenditure, stood at 63.8 percent in the first nine months, remaining mostly unchanged as compared with the same period of 2020.

The settlement ratio that measures customers' willingness to settle their foreign exchange reached 66.9 percent during the period, up 2 percentage points from that of the same period of last year.


DOWNLOAD
  • ID : 8234641
  • Dateline : Oct 22, 2021/File
  • Location : China
  • Category : economy, business and finance
  • Duration : 1'17
  • Audio Language : Nats/Part Mute
  • Source : China Media Group(CMG)-CCTV
  • Restrictions : No access Chinese mainland
  • Published : 2021-10-22 13:55
  • Last Modified : 2021-10-22 17:38:23
  • Version : 2

China-Forex Settlement/Q1-Q3

Chinese banks log surplus of forex settlement, cross-border payments and receipts in Q1-Q3

Dateline : Oct 22, 2021/File

Location : China

Duration : 1'17

  • English


FILE: Beijing, China - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Various of State Administration of Foreign Exchange building

FILE: Guangzhou City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
2. Various of entrance to Agricultural Bank of China, LED sign
3. Customers in bank
4. Bank clerk working

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
5. Various of bank clerk counting Chinese yuan banknotes
6. Yuan notes going through bill counter
7. Various of clerks, customers in commercial bank
8. Various of Chinese yuan notes being counted
9. LED sign of RMB currency symbol

FILE: Shanghai, China - Aug 6, 2018 (CCTV - No access Chinese mainland)
10. Sign at counter reading (Chinese/English) "Currency Exchange"

FILE: Beijing, China - Exact Date Unknown (CCTV - No access Chinese mainland)
11. Various of bank clerks working in China Construction Bank, customers

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
12. Various of Chinese yuan banknotes going through bill counter
13. Various of Chinese yuan, U.S. dollar banknotes on desk; banknotes being counted by bank clerk

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
14. Various of Euro banknotes going through bill counter

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
15. Various of brokers working on trading floor of exchange


China's commercial banks raked in both the surplus of net forex settlement and cross-border payments and receipts in the first three quarters of this year, the country's forex regulator said Friday.

The commercial banks reported a net forex settlement surplus of 180 billion U.S. dollars, and a surplus of 234.8 billion U.S. dollars in net forex settlement and sales, data from the State Administration of Foreign Exchange (SAFE) showed.

The two major indicators showed that China's stable recovery has underpinned the stable operation of the forex market, said Wang Chunying, spokeswoman with the SAFE, at a news briefing in Beijing.

During the January-September period, the willingness of market entities to sell forex remained stable, while their appetite for settle forex increased, she said.

The selling rate to measure the willingness to purchase forex, or the ratio of forex purchased by customers from banks to their forex expenditure, stood at 63.8 percent in the first nine months, remaining mostly unchanged as compared with the same period of 2020.

The settlement ratio that measures customers' willingness to settle their foreign exchange reached 66.9 percent during the period, up 2 percentage points from that of the same period of last year.


ID : 8234641

Published : 2021-10-22 13:55

Last Modified : 2021-10-22 17:38:23

Source : China Media Group(CMG)-CCTV

Restrictions : No access Chinese mainland

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