State Administration of Foreign Exchange (SAFE) data show banks' conversions of
foreign exchange into yuan were CNY 1,809.7 bln in July and banks'
foreign-exchange sales were CNY 1,685.6 bln, leaving a monthly net conversion
surplus of CNY 124.1 bln. January–July cumulative conversions totaled CNY
12,602.0 bln versus sales of CNY 10,604.8 bln (net surplus CNY 1,997.2 bln). In
July banks' agency foreign-currency receipts were CNY 5,883.7 bln and payments
CNY 5,477.0 bln (net receipts CNY 406.7 bln). January–July agency receipts
totaled CNY 38,312.8 bln and payments CNY 36,199.3 bln (net Receipts: CNY 2,113.5 (bln).