Economic Calendar > Calendar Details
ChinaAprilCommercial Bank Foreign Exchange Settlement and Sales - Bank's Agency
| Latest Release | Actual Value | Forecast Value | Previous Value | Next Release Time | Release Frequency | Importance |
|---|---|---|---|---|---|---|
| 2026-05-18 | 2887RMB 100 million | RMB 100 million | 2448RMB 100 million | 2026-06-15 14:26 | Monthly |
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Historical Data
Actual Value
Forecast Value
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Definition
Foreign exchange settlement and sales is a general term encompassing both the settlement and sale of foreign exchange. Bank foreign exchange settlement and sales refers to the foreign exchange settlement and sales business handled by banks for their clients and themselves, including data on forward foreign exchange settlement and sales performance and option exercise, but excluding interbank foreign exchange market transaction data. [The State Administration of Foreign Exchange of China regularly updates the list of banks qualified for foreign exchange settlement and sales within China; recently, the list included over 500 banks.] The statistical point for bank foreign exchange settlement and sales is when the exchange of RMB for foreign currency occurs. Foreign exchange settlement, also known as "foreign exchange settlement," refers to the act of a foreign exchange income owner selling their foreign exchange income to a designated foreign exchange bank, which then pays the equivalent amount in local currency at a certain exchange rate. Foreign exchange sales, also known as "foreign exchange sales," refers to the act of a designated foreign exchange bank selling foreign exchange to foreign exchange users and receiving the equivalent amount in RMB based on the RMB exchange rate on the date of the transaction.
Impact on Market
Why It Matters
This indicator reflects the demand of Chinese banks' customers for RMB and foreign currency exchange, calculated by subtracting foreign exchange sales from customer settlement. This indicator can be positive or negative. A positive value indicates that settlement exceeds sales, meaning that overall customer demand for RMB is greater than demand for foreign currency; a negative value indicates that sales exceed settlement, meaning that overall customer demand for foreign currency is greater than demand for RMB. FX678 and 1QH remind you: According to parameters from authoritative international media, the correlation of this indicator is 27%.
Released By
State Administration of Foreign Exchange of China
