SAFE: August 2026 Bank Settlement Reaches RMB 1.709 Trillion
China's State Administration of Foreign Exchange reported that banks settled RMB 1.709 trillion and sold RMB 1.38 trillion in foreign exchange in August 2026, equivalent to USD 251.8 billion and USD 203.3 billion. For January to August 2026, cumulative settlement totaled RMB 14.3111 trillion and sales RMB 11.9848 trillion. Banks' cross-border receipts from customers reached RMB 5.2718 trillion in August, with payments of RMB 4.8486 trillion.
Statistics from the State Administration of Foreign Exchange show that in August 2026, banks settled RMB 1.709 trillion and sold RMB 1.38 trillion in foreign exchange; in US dollar terms, banks settled USD 251.8 billion and sold USD 203.3 billion. From January to August 2026, banks cumulatively settled RMB 14.3111 trillion and cumulatively sold RMB 11.9848 trillion; in US dollar terms, cumulative settlement was USD 2.0834 trillion and cumulative sales were USD 1.7455 trillion.
In August 2026, banks' cross-border receipts from customers totaled RMB 5.2718 trillion, while external payments amounted to RMB 4.8486 trillion; in US dollar terms, cross-border receipts from customers were USD 776.8 billion and external payments were USD 714.4 billion. From January to August 2026, banks' cumulative cross-border receipts from customers reached RMB 43.5846 trillion and cumulative external payments totaled RMB 41.048 trillion; in US dollar terms, cumulative cross-border receipts were USD 6.348 trillion and cumulative external payments were USD 5.9786 trillion.