In the banking sector of China, a deficit in net foreign currency amounted to 121.3 billion dollars in the first three months of this year. This situation reflected on the activities of commercial banks in the country.
According to regulators, the main reasons for the deficit have become the depreciation of the yuan and global economic factors. Chinese banks faced increased demand for foreign currency, which was stated in the overall financial stability of the sector.
However, representatives of the People's Bank of China expressed confidence that the measures taken to manage the necessary deficit will help stabilize the situation in the near future. In addition, it is planned to adopt additional measures to ensure the reliability of the banking system's functioning in conditions of financial instability.
