State Administration of Foreign Exchange: Expectations for stability in China's foreign exchange market, with supply and demand in basic balance.

On November 17th, Li Bin, the Deputy Director and spokesperson of the State Administration of Foreign Exchange, answered questions from reporters about the foreign exchange market situation in October 2025. Li Bin mentioned that, firstly, the supply and demand in the foreign exchange market were basically balanced. In October, banks had a surplus of $17.7 billion in foreign exchange buying and selling, which was slightly narrower compared to before, making the foreign exchange buying and selling more balanced. Entities such as enterprises conducted foreign exchange transactions in an orderly manner according to actual needs, and the exchange rate and selling rate were basically the same as the average level of the previous nine months. Secondly, cross-border capital flows remained stable. Overall, China's foreign exchange market was expected to be stable, with a basic balance of supply and demand, and maintained strong resilience and vitality.