According to the latest data, in the first quarter of 2022, the surplus of Bank Of China Limited(601988) foreign exchange settlement and sales was US $58.7 billion, the surplus of foreign-related revenue and expenditure of banks acting as customers was US $62.2 billion, and the surplus of bank foreign exchange settlement and sales and cross-border revenue and expenditure maintained a reasonable scale. Wang Chunying, deputy director of the State Administration of foreign exchange, said that from the fluctuation direction of the next day, the number of days of RMB appreciation accounted for 52% and the number of days of RMB depreciation accounted for 48% in the first quarter, which was relatively balanced. In addition, when talking about the impact of the Fed's monetary policy adjustment on the trend of China's foreign exchange balance, Wang Chunying said that in recent years, China's foreign exchange market has been continuously strengthened and has the foundation and conditions to adapt to the current round of Fed policy adjustment. Wang Chunying said that at the end of last year, China's foreign net assets were close to US $2 trillion, at a high level. China's foreign exchange reserve assets rank first in the world, and the asset scale of the private sector is also increasing, which can well adapt to the changes of external liquidity.
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