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State Administration of Foreign Exchange: Net foreign holdings of domestic bonds and stocks totaled $12.70 billion in February

On March 17, Li Bin, deputy director and spokesperson of the State Administration of Foreign Exchange, answered a reporter's question on the foreign exchange revenue and expenditure situation in February 2025. The foreign exchange market operated smoothly in February, and cross-border funds showed a net inflow. In February, the cross-border revenue and expenditure surplus of enterprises, individuals and other non-banking sectors was 29 billion US dollars. From the perspective of main channels, first, our country's foreign trade developed steadily, and the net inflow of cross-border funds under trade in goods was 64.80 billion US dollars, which continued to be at a relatively high level in the same period in history. Second, the domestic economy rebounded and the development of science and technology boosted market confidence. In February, foreign capital increased its net holdings of domestic bonds and stocks to a total of 12.70 billion US dollars. Third, the outflow of services trade In February, the balance of foreign exchange settlement and sales of banks tended to be basically balanced, the purchase exchange rate, which measures the willingness of enterprises and individuals to purchase foreign exchange, fell significantly, market expectations and transactions remained rational and orderly, and the domestic foreign exchange supply and demand were generally balanced.