China reports forex settlement surplus in Oct

BEIJING - China saw a forex settlement surplus of $17.7 billion in October 2025, official data showed on Monday.

Forex purchases by banks reached $214.2 billion last month, while sales stood at $196.5 billion, according to the State Administration of Foreign Exchange.

While international financial markets have seen increased volatility since October, China's forex market has maintained its stable and sound performance - with balanced supply and demand and stable cross-border capital flows, said Li Bin, deputy head of the administration.

In the first 10 months of the year, total forex purchases by banks amounted to approximately $2.07 trillion, while sales reached around $1.99 trillion.

"Overall, China's forex market demonstrates stable expectations, a basic balance between supply and demand, and strong resilience and vitality," Li said.