State Administration of Foreign Exchange: China's foreign exchange market is expected to be stable with basic supply and demand balance.

According to the Zhichu Finance APP, on November 17th, Li Bin, Deputy Director of the State Administration of Foreign Exchange and spokesperson, answered questions regarding the foreign exchange market situation in October 2025. Li Bin mentioned that firstly, the supply and demand in the foreign exchange market are basically balanced. In October, the surplus in banks' foreign exchange transactions amounted to 17.7 billion US dollars, showing a slight narrowing compared to the previous month, making the foreign exchange transactions more balanced. Entities such as enterprises are carrying out foreign exchange transactions in an orderly manner based on their actual needs, and the exchange rates are basically consistent with the average levels of the previous nine months. Secondly, cross-border capital flows remain stable. Overall, China's foreign exchange market is expected to remain stable with a basic balance of supply and demand, maintaining strong resilience and vitality.