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 22.64 trillion (equivalent to USD 3.46 trillion) in December 2020.

In terms of markets, thetransactions volume of client market was RMB 3.71 trillion (equivalent to USD 0.57 trillion), and the transactionsvolume of interbank market was RMB 18.94 trillion (equivalent to USD 2.89 trillion). In terms ofproducts, the cumulative transactions volume of the spot market was RMB 10.53 trillion (equivalent to USD1.61 trillion), and that of thederivatives market was RMB 12.11 trillion (equivalent to USD 1.85 trillion).

From January to December 2020, a total of RMB 206.38 trillion (equivalent to USD 29.99 trillion) was traded in the Chinese foreign exchangemarket.