RE:State Administration of Foreign Exchange: China's net cross-border capital inflow resumes in fi
"jintengflag published on 2024-10-23 09:29:05
The Information Office of the State Council held a press conference today (October 22) to announce foreign exchange balance of payments data for the first three quarters of this year. The data show that in the first three quarters of this year, banks on behalf of foreign income of 5,259.4 billion U.S. dollars, foreign payments of 5,256.6 billion U.S. dollars, a surplus of 2.8 billion U.S. dollars. In the first three quarters, the settlement deficit of 121.3 billion U.S. dollars. Li Hongyan, deputy director of the State Administration of Foreign Exchange, the first three quarters, the overall balance of foreign exchange settlement and sale of foreign exchange deficit, mainly in the second quarter of the deficit widened; the third quarter to return to the equilibrium level, of which September to restore the surplus, the settlement of foreign exchange rose, the sale of foreign exchange is basically stable. Li Hongyan said that since this year, China's foreign exchange market has shown strong resilience, the recent situation stabilized and improved, the RMB exchange rate to maintain basic stability, the foreign exchange market transactions in a rational and orderly manner, the balance of payments to maintain a basic balance. In the future, China's foreign exchange market more basis and conditions to maintain stable operation."