【Deputy Director and Spokesperson of the State Administration of Foreign Exchange Li Bin: The operation of China's foreign exchange market is stable, and the overall cross-border capital flow remains stable】 Jinshi Data, December 16th - Li Bin, Deputy Director and Spokesperson of the State Administration of Foreign Exchange, stated regarding the foreign exchange revenue and expenditure situation for November 2024 that China's foreign exchange market is operating smoothly. First, foreign-related economic activities remain active. In November, the total foreign-related revenue and expenditure of non-bank sectors, including enterprises and individuals, exceeded 1.2 trillion USD, with year-on-year and month-on-month increases of 7.5% and 1.7%, respectively. The foreign currency cross-border revenue and expenditure recorded a surplus of 19.2 billion USD, remaining at a high level. Preliminary data since December shows a net inflow of cross-border funds from non-bank sectors such as enterprises and individuals. Second, foreign exchange market transactions are stable and orderly. In November, enterprises and other entities continued to have a surplus in foreign exchange settlement and sales, with the settlement rate (a measure of willingness to settle) slightly increasing month-on-month, while the sales rate (a measure of willingness to purchase) remained basically stable and below the average monthly level of the previous ten months. Overall market expectations and transactions are stable. (Source: Jinshi Data)