Li Bin, deputy director of the State Administration of foreign exchange and spokesman, answered reporters' questions on the situation of the foreign exchange market in October 2025

A few days ago, the State Administration of Foreign Exchange released the data of bank settlement and sales of foreign exchange and foreign-related collection and payment of banks on behalf of customers in October 2025. Li Bin, deputy director of the State Administration of foreign exchange and spokesman, answered reporters' questions on the situation of the foreign exchange market in October 2025.

Q: how has China's foreign exchange market operated since October? What are the characteristics and changes?

A: since October, the volatility of the international financial market has increased, and the dollar index has generally risen. China's foreign exchange market continued to operate steadily. First, supply and demand in the foreign exchange market are basically balanced. In October, the surplus of foreign exchange settlement and sales of banks was $17.7 billion, narrowed month on month, and the foreign exchange settlement and sales were more balanced. Enterprises and other entities carry out foreign exchange settlement and purchase transactions in an orderly manner according to actual needs, and the settlement rate and selling exchange rate are basically the same as the average level of the previous nine months. Second, cross-border capital flows remained stable. Affected by the National Day Mid Autumn Festival holiday and other factors, the cross-border funds of enterprises, individuals and other non banking sectors showed a slight net outflow in September, and the net inflow of cross-border funds increased in October. According to the comprehensive situation of the two months, the average monthly surplus of cross-border revenue and expenditure was US $24billion. Among them, the net inflow of goods trade funds remained high; Cross border expenditures such as residents' outbound travel and dividends paid by foreign-funded enterprises fell seasonally, and the net outflow of funds from service trade and investment income narrowed month on month. On the whole, China's foreign exchange market is expected to be stable, supply and demand are basically balanced, and maintain strong resilience and vitality.