On November 17th, the State Administration of Foreign Exchange released data on bank foreign exchange settlement and sales, as well as bank foreign exchange receipts and payments on behalf of clients for October 2025. Data shows that in October 2025, banks settled 1.5194 trillion yuan in foreign exchange and sold 1.394 trillion yuan in foreign exchange. From January to October 2025, banks have cumulatively settled RMB 1.47941 trillion in foreign exchange and sold RMB 1.42201 trillion in foreign exchange. Calculated in US dollars, in October 2025, banks will settle foreign exchange of 214.2 billion US dollars and sell foreign exchange of 196.5 billion US dollars. From January to October 2025, banks have cumulatively settled $2067.5 billion in foreign exchange and sold $1986.6 billion in foreign exchange. In October 2025, the foreign-related income of bank clients was RMB 4420.7 billion, and the external payments were RMB 4057.9 billion. From January to October 2025, the cumulative foreign-related income of bank clients amounted to RMB 46483.6 billion, and the cumulative external payments amounted to RMB 452607 billion. Calculated in US dollars, in October 2025, the foreign income of bank clients amounted to 623.1 billion US dollars, and external payments amounted to 571.9 billion US dollars. From January to October 2025, the cumulative foreign-related income of bank clients was 6493.6 billion US dollars, and the cumulative external payments were 6322.7 billion US dollars. Regarding the operation of China's foreign exchange market since October, Li Bin, Deputy Director and spokesperson of the State Administration of Foreign Exchange, stated that since October, the volatility of the international financial market has increased, and the overall US dollar index has risen. The foreign exchange market in our country continues to operate steadily. Firstly, the supply and demand in the foreign exchange market are basically balanced. In October, the bank's foreign exchange surplus was 17.7 billion US dollars, which narrowed compared to the previous month and made the foreign exchange balance 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 sale rate are basically equivalent to the average level of the previous 9 months. Secondly, cross-border capital flows remain stable. Affected by factors such as the National Day and Mid Autumn Festival holidays, there was a slight net outflow of cross-border funds from non bank sectors such as enterprises and individuals in September, while the net inflow of cross-border funds increased in October. Based on the overall situation of the two months, the monthly surplus of cross-border income and expenditure was 24 billion US dollars. Among them, the net inflow of funds for goods trade remains high; Seasonal declines in cross-border expenditures such as residents' outbound travel and dividends from foreign-funded enterprises have led to a narrowing of net outflows of service trade and investment income funds compared to the previous period. Overall, China's foreign exchange market is expected to remain stable, with a basic balance between supply and demand, and maintaining strong resilience and vitality. ”Li Bin said. (New Society)