- Foreign Exchange Administration: Demand for purchasing foreign currency is basically stable, and market expectations are generally stable.

Li Bin, deputy director of the State Administration of Foreign Exchange and spokesperson, stated that since February, international geopolitical conflicts have intensified and international financial market volatility has increased, but overall the foreign exchange market in China has remained stable. In terms of trading volume, in February, the foreign exchange market trading volume was 26 trillion US dollars, with non-bank cross-border receipts and payments by enterprises, individuals, and other non-bank sectors totaling 12 trillion US dollars. After excluding the impact of the Spring Festival holiday, the daily average volume increased by 2% and 12% compared to the previous month. In terms of foreign exchange supply and demand, in February, net inflows of cross-border funds from enterprises and individuals in non-bank sectors decreased by 57% to 35.6 billion US dollars. Under the category of goods trade, the net inflow of cross-border funds was 67.8 billion US dollars, a 26% decrease compared to the previous month. In February, the balance of bank settlement and sales was 42.8 billion US dollars, a 46% decrease compared to the previous month. From the situation since March, cross-border fund inflows and outflows are basically balanced, with supply and demand relatively balanced. Overall, China's foreign exchange market has remained stable, with active trading, stable intentions of entities such as enterprises to sell foreign exchange, and stable demand for foreign exchange, leading to an overall stable market expectation.