China’s commercial banks sold a net U.S.$36.4 billion of foreign exchange in March, according to the country’s foreign exchange regulator. 

The State Administration of Foreign Exchange says that marks a further growth from U.S.$33.9 billion in February.

The Forex regulator says China’s cross-border capital flows are back to normal after short-term volatility, and will be stable in the future with controllable risks. It also says China will be able to cope with the U.S. Federal Reserve’s rate hike policy normalization, and will push forward with yuan regime reform.