According to the statistics of the State Administrationof Foreign Exchange (SAFE), the Chinese foreign exchange market (excludingforeign currency pairs, the same below) recorded total transactions of RMB 24.11 trillion (equivalent to USD 3.79 trillion) in December 2021.

In terms of markets, the transactions volume of clientmarket was RMB 3.65 trillion(equivalent to USD 0.57 trillion), and the transactions volume of interbankmarket was RMB 20.47 trillion(equivalent to USD 3.21 trillion). Interms of products, the cumulative transactions volume of the spot market wasRMB 8.45 trillion (equivalent to USD 1.33 trillion), and that of the derivatives market was RMB 15.67 trillion (equivalent to USD 2.46 trillion).

From January to December 2021, a total of RMB 237.79 trillion (equivalent to USD 36.87 trillion) was traded in the Chinese foreign exchangemarket.