China recorded a net $61.9bn cross-border inflow in April, reversing a $32.1bn outflow in March and marking six inflow months in seven, according to official bank data. The rebound was driven by both current and capital accounts, with goods trade inflows rising 47% month-on-month to $74.4bn, in line with strong exports. Securities investment also swung to a $13.6bn inflow, the highest since September 2024, reversing a large March outflow. Foreign exchange settlement by corporates extended its in

China recorded a net $61.9bn cross-border inflow in April, reversing a $32.1bn outflow in March and marking six inflow months in seven, according to official bank data. The rebound was driven by both current and capital accounts, with goods trade inflows rising 47% month-on-month to $74.4bn, in line with strong exports. Securities investment also swung to a $13.6bn inflow, the highest since September 2024, reversing a large March outflow. Foreign exchange settlement by corporates extended its inflow streak to 14 months, while the yuan rose 2.8% this year. However, foreign holdings of yuan bonds fell to 3.12 trillion yuan, the lowest since November 2020.