MKS sports south China's Hainan Province.Photo:Xinhua" src="https://www.globaltimes.cn/Portals/0/attachment/2024/2024-06-17/b8d6a48b-983d-4e82-bc79-b45832ef2053.jpeg" />

A teller counts U.S. dollar bills at a bank in Qionghai, south China's Hainan Province.Photo:Xinhua

 
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.