According to the statisticsof the State Administration of Foreign Exchange (SAFE), the Chinese foreignexchange market (excluding foreign currency pairs, the same below) recorded totaltransactions of RMB 17.70 trillion (equivalent to USD 2.50 trillion) in June 2020. Specifically,the transactions volume of the bank to customer market was RMB 2.38 trillion (equivalent toUSD 336.5 billion), the transactionsvolume of interbank market was RMB 15.32 trillion (equivalent to USD 2.16 trillion), the cumulativetransactions volume of the spot market was RMB 6.55 trillion (equivalent to USD 924.7 billion), and that ofthe derivatives market was RMB 11.15 trillion (equivalent to USD 1.57 trillion).

From January to June 2020, a total of RMB 92.66 trillion (equivalent to USD 13.17 trillion) was traded in the Chinese foreignexchange market.