In February, banks settled 157.9 billion US dollars in foreign exchange and sold 168.3 billion US dollars in foreign exchange; The bank's foreign-related income from customer service was 586.6 billion US dollars, and external payments were 557.6 billion US dollars. The foreign exchange market operated smoothly in February, with a net inflow of cross-border funds Li Bin, Deputy Director and spokesperson of the State Administration of Foreign Exchange, stated that non bank sectors such as enterprises and individuals had a cross-border surplus of 29 billion US dollars in February. From the main channels, firstly, China's foreign trade has developed steadily, with a net inflow of cross-border funds of 64.8 billion US dollars under goods trade, continuing to be at a relatively high level in the same period of history. Secondly, the domestic economy has rebounded and improved, and technological development has boosted market confidence. In February, foreign investors increased their net holdings of domestic bonds and stocks by a total of $12.7 billion. Thirdly, the outflow of service trade and investment income funds is at a seasonal low. In February, the difference between bank settlement and sale of foreign exchange tended to be basically balanced, and the foreign exchange purchase rate, which measures the willingness of enterprises and individuals to purchase foreign exchange, significantly fell. Market expectations and transactions remained rational and orderly, and the overall balance of domestic and foreign exchange supply and demand was maintained. (New Society)