China's State Administration of Foreign Exchange (SAFE) said on September 15 that China's foreign exchange market remained stable in August, with cross-border capital posting net inflows of $62.4 billion, up 4% from July, according to Jiemian News. SAFE Deputy Director and spokesperson Li Bin said cross-border receipts and payments by non-bank sectors, including companies and individuals, totaled $1.5 trillion in August, while onshore FX market trading volume reached $3.9 trillion. The agency said goods trade generated relatively high net inflows, the services trade deficit widened 6% month on month as summer study-abroad and travel demand increased, dividend payments by foreign-funded firms narrowed 23% from July, and cross-border two-way direct investment remained basically stable. Bank settlement and sales of foreign exchange posted a surplus of $48.5 billion, and the foreign-exchange settlement ratio for corporate FX income was 61.5%, 2.7 percentage points below the average for the first seven months of the year.