share
 

Chinese banks report forex settlement deficit

0 Comment(s)Print E-mail Xinhua, October 22, 2024
Adjust font size:

China's commercial banks saw a forex settlement deficit of 121.3 billion U.S. dollars in the first three quarters of this year, official data showed Tuesday.

Since the beginning of this year, China's cross-border capital flows have been moving toward an equilibrium, said Li Hongyan, deputy head of the State Administration of Foreign Exchange, at a press conference.

The foreign exchange market has shown strong resilience, with market expectations and transactions remaining generally rational and orderly, and RMB exchange rate staying basically stable at a reasonable and balanced level, Li said.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter