China's Cross-Border Bank Settlements and FX Receipts Hit First-Half Records

China's State Administration of Foreign Exchange said on July 17 that banks handled $9.2 trillion in cross-border receipts and payments on behalf of clients in the first half of this year, up 21% from a year earlier. Banks also recorded $2.9 trillion in foreign exchange settlements and sales, up 24%, both reaching record highs for the same period, according to 36Kr. The agency said China's foreign-related economy maintained solid momentum, with cross-border trade and investment becoming more active.