State Administration of Foreign Exchange: In the first three quarters of this year, China's net inflow of cross-border funds amounted to 119.7 billion US dollars.

On October 22, Li Bin, Deputy Director of the State Administration of Foreign Exchange and spokesperson, answered questions from reporters on the foreign exchange market situation in September 2025. Li Bin stated that in the first three quarters of this year, China's total foreign exchange revenue and expenditure amounted to $11.6 trillion, reaching a historical high for the same period. Net inflows of cross-border funds were $119.7 billion, with a banking net foreign exchange settlement surplus of $63.2 billion, both higher than the same period last year. Overall, despite the complex and volatile external environment, China's foreign exchange market has been running steadily this year with stable market expectations, basic supply-demand balance, and maintaining strong resilience and vitality. The original text is as follows: Deputy Director of the State Administration of Foreign Exchange and spokesperson Li Bin answered questions from journalists about the foreign exchange market situation in September 2025 Recently, the State Administration of Foreign Exchange released data on bank foreign exchange transactions and bank-related foreign payments and receipts in September 2025. Deputy Director of the State Administration of Foreign Exchange and spokesperson Li Bin answered questions from journalists about the foreign exchange market situation in September 2025. Question: Can you introduce the operation of China's foreign exchange market in September? In September, China's foreign exchange market operated smoothly and presented two main characteristics. First, cross-border capital flows remained active and balanced. In September, the combined cross-border income and expenditures of enterprises, individuals, and non-bank sectors totaled $1.37 trillion, showing a 7% increase compared to the previous month. Both current and capital account cross-border transactions continued to grow, indicating the stable development of China's foreign economy. Due to the seasonal impact of the National Day holiday on cross-border transactions, there was a slight net outflow of funds in September, but it has since turned into a net inflow in October. In terms of specific items, China's foreign trade continued to grow steadily, with a net inflow of funds in goods trade remaining high in September. Cross-border fund flows in service trade, investment income, and other areas remained relatively stable. Second, the supply and demand in the foreign exchange market were relatively balanced. In September, bank foreign exchange transactions and settlements saw significant growth, with entities such as enterprises flexibly conducting foreign exchange transactions based on their needs. The surplus in foreign exchange settlements and sales in September was $51 billion, with more net settlements in the first half of the month and a trend towards balance in the second half. Since October, bank foreign exchange transactions and settlements have been roughly equal, leading to a basic balance in the supply and demand of the foreign exchange market. In the first three quarters of this year, China's total foreign exchange revenue and expenditure amounted to $11.6 trillion, reaching a historical high for the same period. Net inflows of cross-border funds were $119.7 billion, with a banking net foreign exchange settlement surplus of $63.2 billion, both higher than the same period last year. Overall, despite the complex and volatile external environment, China's foreign exchange market has been running steadily this year with stable market expectations, basic supply-demand balance, and maintaining strong resilience and vitality. This article is excerpted from the "official website of the State Administration of Foreign Exchange," GMTEight Editor: Xu Wenqiang.