China’s Forex transactions hit historic high in 2025

China’s foreign exchange saw record-breaking transactions in 2025, with total trading volume and corporate hedging ratios reaching new highs, signaling growing stability and resilience.

The country's foreign exchange market recorded a total transaction volume of 42.6 trillion U.S. dollars in 2025, the highest in its history, according to data released by the State Administration of Foreign Exchange (SAFE) on Thursday. The corporate foreign exchange hedging ratio also climbed to 30 percent, setting another record.

In 2025, cross-border revenue and expenditure by enterprises, individuals, and other entities totaled 15.6 trillion U.S. dollars, marking an increase of nearly 10 percent compared to the previous year.

Cross-border capital flows shifted from a net outflow at the beginning of the year to a net inflow, reaching a total net inflow of 302.1 billion U.S. dollars for the full year. And banks recorded a foreign exchange settlement and sales surplus of 196.6 billion U.S. dollars.