China's FX Market Turnover Reaches 28.96 Trillion Yuan in July

China's State Administration of Foreign Exchange said China's foreign exchange market, excluding foreign-currency pairs, recorded turnover of 28.96 trillion yuan, or $4.26 trillion, in July 2026, according to Jiemian News. Bank-to-customer trading totaled 4.83 trillion yuan, interbank trading reached 24.13 trillion yuan, spot market turnover was 10.08 trillion yuan, and derivatives turnover was 18.89 trillion yuan. From January to July 2026, cumulative turnover in China's foreign exchange market reached 181.18 trillion yuan, or $26.34 trillion.