China News Service, Beijing (Reporter Xia Bin) The State Administration of Foreign Exchange of China (hereinafter referred to as the "Foreign Exchange Bureau") released data on the 17th. In terms of US dollars, in October 2025, banks settled US$214.2 billion in foreign exchange, sold US$196.5 billion, and had a surplus of US$17.7 billion in bank foreign exchange settlement and sales. From January to October 2025, banks’ cumulative foreign exchange settlement was US$2,067.5 billion, and cumulative foreign exchange sales were US$1,986.6 billion.

Li Bin, deputy director and spokesperson of the State Administration of Foreign Exchange, told reporters that since October, the volatility of the international financial market has increased, and the US dollar index has generally risen. China's foreign exchange market continues to maintain a steady operating trend.

Li Bin said that supply and demand in the foreign exchange market are basically balanced. In October, the bank's foreign exchange settlement and sales surplus was US$17.7 billion, narrowing from the previous month, and the foreign exchange settlement and sales were more balanced. Enterprises and other entities carried out foreign exchange settlement and purchase transactions in an orderly manner based on actual needs, and the settlement and sales exchange rates were basically the same as the monthly average levels in the previous nine months.

He also said that cross-border capital flows remained stable. Affected by factors such as the National Day and Mid-Autumn Festival holidays, non-banking sectors such as enterprises and individuals saw a small net outflow of cross-border funds in September. The net inflow of cross-border funds increased in October. Based on the two-month situation, the average monthly cross-border balance surplus was US$24 billion. Among them, the net inflow of funds for trade in goods remained high; cross-border expenditures such as residents' outbound travel and dividends from foreign-funded enterprises fell seasonally, and the net outflow of funds for trade in services and investment income narrowed month-on-month.

Li Bin said that overall, China's foreign exchange market is expected to be stable, with supply and demand basically balanced, and maintaining strong resilience and vitality. (End)