The Chinese foreign exchange market recorded transactions worth 26.99 trillion yuan (3.76 trillion U.S. dollars) in March, according to data released by the State Administration of Foreign Exchange on Friday.
The data showed that the transaction volume of the client market was 3.77 trillion yuan and that of the interbank market was 23.21 trillion yuan.
In terms of products, the spot market's cumulative transaction volume was 9.5 trillion yuan, and that of the derivatives market was 17.49 trillion yuan, according to the data.
The forex market saw cumulative transactions of 71.23 trillion yuan in the first three months of the year, data unveiled.
China's foreign exchange market transactions total 3.76 trln US dollars in March
China's foreign exchange market transactions total 3.76 trln US dollars in March
The number of temporary accommodation registrations of foreign nationals in Shanghai hit a record high of 7.139 million in 2025, up 49.6 percent from the previous year, the Exit-Entry Administration Corps of the Shanghai Municipal Public Security Bureau said at a press briefing on Thursday.
The figure, which had already doubled in 2024, points to a continued rise in the number of foreign nationals visiting and staying in the city, highlighting the metropolis's growing appeal to international visitors.
Shanghai also issued more than 200,000 visas and residence permits to foreigners for the second consecutive year in 2025.
Long-term permits, including residence permits, accounted for a share 10 percentage points higher than the previous year, reflecting growing demand for extended stays.
Officials said the increase mirrors Shanghai's expanding openness and improving services for foreign visitors and residents.
"In 2025, Shanghai processed 7.139 million temporary accommodation registrations for foreigners. Following a doubling from the year before last, the figure rose by another 49.6 percent year on year, marking a historical high in the number of foreign nationals coming to Shanghai," said Song Weiqi, deputy head of the administration corps.
Accommodation registrations are required for foreigners staying in China. In 2025, 94.7 percent of temporary accommodation registrations were handled directly by hotels, resulting in a convenient check-in process.
Among foreigners residing in Shanghai's residential communities, 84.8 percent opted for online self-reporting via a multilingual platform that offers efficient, flexible registration.
Meanwhile, to ease the surge in passport applications for foreign travel ahead of the upcoming Chinese New Year holiday in mid-February, the administration corps announced plans to extend service hours for residents.
Shanghai hits a record-high 7.14 million expat accommodation registrations in 2025
Shanghai hits a record-high 7.14 million expat accommodation registrations in 2025
