Group 1 - The core viewpoint is that China's foreign exchange market remains stable, with a notable balance in supply and demand, despite fluctuations in the international financial market [1][2][6] - In November, banks settled 1.484 trillion RMB and sold 1.3732 trillion RMB, resulting in a settlement surplus of 15.7 billion USD, which is consistent with October's figures [1][2] - The cross-border income and expenditure for non-bank sectors reached 1.3 trillion USD in November, reflecting an 8% month-on-month increase, with a surplus of 17.8 billion USD, lower than the average surplus of 24 billion USD from September to October [3] Group 2 - The foreign trade and foreign investment in China show resilience, with stable cross-border capital flows and expectations in the foreign exchange market remaining steady [6]

Group 1 - In November 2025, banks in China reported a foreign exchange settlement of 209.5 billion USD and a foreign exchange sale of 193.8 billion USD, maintaining a stable balance in the foreign exchange market [1] - From January to November 2025, the cumulative foreign exchange settlement reached 2,276.9 billion USD, while the cumulative foreign exchange sale was 2,180.4 billion USD [1] - In November 2025, the foreign exchange income from non-bank sectors amounted to 654.5 billion USD, with foreign payments totaling 636.7 billion USD, indicating active cross-border transactions [1] Group 2 - The foreign exchange market in China has remained stable, with a basic balance in supply and demand, and a settlement surplus of 15.7 billion USD in November, consistent with October's figures [2] - Cross-border income and expenditure for non-bank sectors totaled 1.3 trillion USD in November, reflecting an 8% month-on-month increase, with a surplus of 17.8 billion USD, lower than the average surplus of 24 billion USD from September to October [2] - The primary source of net capital inflow continues to be merchandise trade, while service trade, investment income, and direct investment flows remain stable, indicating resilience in foreign trade and investment [2]

Core Viewpoint - The foreign exchange market in China remains stable, with balanced supply and demand, despite fluctuations in the international financial market and a weakening US dollar [1] Group 1: Foreign Exchange Market Performance - In November, the scale of bank foreign exchange settlement and sales remained stable, with a surplus of 15.7 billion USD, comparable to October [1] - The cross-border income and expenditure of non-bank sectors, including enterprises and individuals, totaled 1.3 trillion USD in November, reflecting an 8% month-on-month increase [1] - The cross-border balance of payments recorded a surplus of 17.8 billion USD, lower than the average surplus of 24 billion USD in September and October [1] Group 2: Trade and Investment Flows - Goods trade continues to be the primary channel for net capital inflows, while service trade, investment income, and direct investment flows remain stable [1] - Recent trends indicate that capital flows under securities investment have become more stable [1] - Overall, China's foreign trade and foreign investment show resilience, with stable cross-border capital flows and expectations in the foreign exchange market [1]

2025年1至11月，银行累计结汇22769亿美元，累计售汇21804亿美元。 中国国家外汇管理局副局长、新闻发言人李斌表示，11月以来，国际金融市场延续较高波动态势，美元 指数总体走弱，主要非美货币表现偏强，中国外汇市场继续保持平稳运行。 外汇市场供求延续基本平衡的同时，跨境收支保持活跃。11月，企业、个人等非银行部门跨境收入和支 出合计为1.3万亿美元，环比增长8%，跨境收支顺差178亿美元，低于9至10月平均240亿美元的水平。 中新社北京12月19日电 (陶思阅)中国国家外汇管理局19日发布数据，按美元计值，2025年11月，银行结 汇2095亿美元，售汇1938亿美元。结售汇顺差157亿美元，与10月基本相当。 "分项目看，货物贸易仍是主要的资金净流入渠道，服务贸易、投资收益、直接投资项下资金流动保持 稳定，近期证券投资项下资金流动更趋平稳。"李斌说，总体而言，当前中国外贸外资保持韧性，跨境 资金流动和外汇市场预期平稳，外汇交易稳健有序。(完) ...

本文转自【央视新闻客户端】； 今天（12月19日），国家外汇管理局统计数据显示，2025年11月，银行结汇14840亿元人民币，售汇 13732亿元人民币。2025年1-11月，银行累计结汇162781亿元人民币，累计售汇155932亿元人民币。 2025年11月，银行代客涉外收入46372亿元人民币，对外付款45112亿元人民币。2025年1-11月，银行代 客累计涉外收入511208亿元人民币，累计对外付款497719亿元人民币。 针对2025年11月外汇市场形势，国家外汇管理局副局长、新闻发言人李斌表示，11月以来，国际金融市 场延续较高波动态势，美元指数总体走弱，主要非美货币表现偏强。我国外汇市场继续保持平稳运行。 外汇市场供求延续基本平衡。11月，银行结汇和售汇规模均保持稳定，结售汇顺差157亿美元，与10月 基本相当。 跨境收支保持活跃。11月，企业、个人等非银行部门跨境收入和支出合计为1.3万亿美元，环比增长 8%，跨境收支顺差178亿美元，低于9至10月平均240亿美元的水平。分项目看，货物贸易仍是主要的资 金净流入渠道，服务贸易、投资收益、直接投资项下资金流动保持稳定，近期证券投资项下资金流 ...

Core Viewpoint - The international financial market has shown high volatility since November, with a weakening US dollar and stronger performance of major non-US currencies, while China's foreign exchange market remains stable [1] Group 1: Foreign Exchange Market Performance - The foreign exchange market in China has maintained a basic balance in supply and demand, with a stable scale of bank foreign exchange settlement and sales, resulting in a settlement surplus of 15.7 billion USD in November, which is roughly the same as October [1] - The cross-border income and expenditure of non-bank sectors, including enterprises and individuals, totaled 1.3 trillion USD in November, reflecting a month-on-month increase of 8%, with a cross-border balance surplus of 17.8 billion USD, lower than the average surplus of 24 billion USD in September and October [1] Group 2: Trade and Investment Flows - Goods trade remains the primary channel for net capital inflows, while service trade, investment income, and direct investment flows have remained stable, indicating resilience in foreign trade and foreign investment in China [1] - Recent trends show that capital flows under securities investment have become more stable, contributing to the overall steady expectations in the foreign exchange market [1]

Core Viewpoint - The foreign exchange market in China remains stable despite fluctuations in the international financial market, with a weakening US dollar and strong performance of major non-US currencies [1] Group 1: Market Supply and Demand - The supply and demand in the foreign exchange market continue to maintain a basic balance, with a foreign exchange settlement surplus of 15.7 billion USD in November, which is roughly the same as in October [1] - The scale of bank settlements and sales remains stable [1] Group 2: Cross-Border Capital Flows - Cross-border income and expenditure for non-bank sectors, including enterprises and individuals, totaled 1.3 trillion USD in November, reflecting a month-on-month increase of 8% [1] - The cross-border capital flow surplus was 17.8 billion USD, lower than the average surplus of 24 billion USD in September and October [1] - Goods trade remains the primary channel for net capital inflows, while service trade, investment income, and direct investment flows remain stable [1] Group 3: Overall Economic Resilience - The current foreign trade and foreign investment in China show resilience, with stable cross-border capital flows and foreign exchange market expectations [1] - Foreign exchange trading is described as steady and orderly [1]

Core Insights - The foreign exchange market in China has maintained stability despite fluctuations in the international financial market, with a weakening US dollar index and stronger performance of major non-US currencies [1][2] Group 1: Market Performance - The supply and demand in the foreign exchange market have remained basically balanced, with a settlement surplus of 15.7 billion USD in November, which is comparable to October's figures [1][2] - Cross-border receipts and payments have remained active, with total cross-border income and expenditure for non-bank sectors reaching 1.3 trillion USD in November, reflecting an 8% month-on-month increase [1][2] Group 2: Cross-Border Transactions - The cross-border balance showed a surplus of 17.8 billion USD in November, which is lower than the average surplus of 24 billion USD observed in September and October [1][2] - Goods trade continues to be the primary channel for net capital inflows, while service trade, investment income, and direct investment flows have remained stable [1][2]

Core Viewpoint - The foreign exchange market in China has maintained stability in November 2025, with a balanced supply and demand despite fluctuations in the international financial market and a weakening US dollar [1] Group 1: Foreign Exchange Market Performance - The foreign exchange market in China has continued to operate smoothly, with a stable scale of bank foreign exchange settlement and sales, resulting in a surplus of 15.7 billion USD in November, which is comparable to October [1] - The cross-border income and expenditure of non-bank sectors, including enterprises and individuals, totaled 1.3 trillion USD in November, reflecting an 8% month-on-month increase [1] Group 2: Cross-Border Capital Flow - The cross-border capital flow showed a surplus of 17.8 billion USD in November, which is lower than the average surplus of 24 billion USD in September and October [1] - Goods trade remains the primary channel for net capital inflows, while service trade, investment income, and direct investment flows have remained stable [1]

Core Viewpoint - The foreign exchange market in China remains stable, with a balanced supply and demand, despite fluctuations in the international financial market and a weakening US dollar [1] Group 1: Foreign Exchange Market Performance - In November 2025, banks settled $209.5 billion and sold $193.8 billion in foreign exchange [1] - From January to November 2025, cumulative bank settlements reached $2,276.9 billion, while cumulative sales totaled $2,180.4 billion [1] - The foreign exchange settlement surplus in November was $15.7 billion, remaining consistent with October's figures [1] Group 2: Cross-Border Capital Flows - Cross-border income and expenditure for non-bank sectors totaled $1.3 trillion in November, reflecting an 8% month-on-month increase [1] - The cross-border balance recorded a surplus of $17.8 billion, lower than the average surplus of $24 billion in September and October [1] - Goods trade continues to be the primary channel for net capital inflows, while service trade, investment income, and direct investment flows remain stable [1]