AI Data Insight
In the second quarter of 2026, China's capital and financial account sharply reversed from a slight surplus of 13.29 billion RMB in the previous quarter to a massive deficit of 1,075.0 billion RMB, setting a rare scale in recent years. Although exports drove a current account surplus, unfavorable interest rate differentials and a severe shortage of domestic assets have exacerbated the phenomenon of "surplus without corresponding foreign exchange receipts." Looking ahead, the return of foreign buying of undervalued A-shares will be key to easing the capital outflow pressure.