In September, China's foreign exchange market experienced significant activity, with a turnover of US$30.27 trillion in the first three quarters of 2024, reflecting a 10.1% year-on-year increase. This surge comes as global funds rapidly divested from Chinese sovereign notes, marking the fastest pace on record, as investor interest shifts towards a rebounding stock market. The September foreign exchange settlement data indicates a notable reversal from the previous quarter, where state banks were nearly balancing their buying and selling. Additionally, China's cross-border capital has returned to a net inflow during this period, signaling a positive trend in foreign-related income for banks involved in these transactions.