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

According to the Zhitong Finance and Economics APP, Li Bin, deputy director of the State Administration of Foreign Exchange and spokesperson, stated in response to questions from journalists about the foreign exchange market situation in November 2025, that since November, the international financial markets have continued to experience high volatility, with the overall weakening trend of the US dollar index and the main non-US currencies showing a tendency to strengthen. China's foreign exchange market continues to operate steadily. Firstly, the supply and demand in the foreign exchange market continue to maintain a basic balance. In November, the scale of both banks' foreign exchange purchases and sales remained stable, with a surplus of 15.7 billion US dollars in foreign exchange transactions, which is similar to that of October. Secondly, cross-border payments and receipts remain active. In November, the total cross-border income and expenditure of non-bank entities such as enterprises and individuals amounted to 1.3 trillion US dollars, an 8% increase compared to the previous month, with a surplus of 17.8 billion US dollars in cross-border payments and receipts, lower than the average of 24 billion US dollars in October and November.