State Administration of Foreign Exchange: The supply and demand in the foreign exchange market in November continued to be basically balanced, and cross-border payments and receipts remained active.

The Deputy Director and spokesperson of the State Administration of Foreign Exchange, Li Bin, answered questions from reporters on the foreign exchange market situation in November 2025. He stated that since November, the international financial markets have continued to experience high volatility, with the overall weakening of the US dollar index and a relatively strong performance of major non-US currencies. The foreign exchange market in China has remained stable, with a basic balance in supply and demand. In November, both the scale of bank foreign exchange settlement and sales remained stable, with a surplus of $15.7 billion in exchange settlement and sales, which is similar to October. Cross-border receipts and payments have remained active, with a total of $1.3 trillion in cross-border income and expenditures from non-bank sectors such as enterprises and individuals, an 8% increase month-on-month. The surplus in cross-border receipts and payments was $17.8 billion, lower than the average of $24 billion in September and October. Overall, China's foreign trade and foreign investment remain resilient, and cross-border capital flows and foreign exchange market expectations are stable, with foreign exchange transactions being steady and orderly.