According to data released by the State Administration of Foreign Exchange on November 7, as of the end of October, China's foreign exchange reserves were US$345.2 billion, up US$4.9 billion from the end of September, or 0.14%. So far, the size of China's foreign reserves has remained above 3.4 trillion US dollars for 7 consecutive months. The size of foreign reserves rebounded slightly in October, and the positive valuation effect was the main driver. Guan Tao, chief economist at Huafu Securities, analyzed that this mainly reflects the positive valuation effects of exchange rate conversion and changes in asset prices under the influence of factors such as the global macroeconomic environment and the monetary policies of major economies. Guan Tao further stated that in view of the three principles of “safety, liquidity, and profit” of foreign exchange reserve management, foreign exchange reserve assets should be dominated by bonds, and changes in asset prices during the month should have a positive valuation effect. Looking ahead, the industry believes that China's foreign reserve performance is expected to continue its “steady” trend.

According to data released by the State Administration of Foreign Exchange on November 7, as of the end of October, China's foreign exchange reserves were US$345.2 billion, up US$4.9 billion from the end of September, or 0.14%. So far, the size of China's foreign reserves has remained above 3.4 trillion US dollars for 7 consecutive months. The size of foreign reserves rebounded slightly in October, and the positive valuation effect was the main driver. Guan Tao, chief economist at Huafu Securities, analyzed that this mainly reflects the positive valuation effects of exchange rate conversion and changes in asset prices under the influence of factors such as the global macroeconomic environment and the monetary policies of major economies. Guan Tao further stated that in view of the three principles of “safety, liquidity, and profit” of foreign exchange reserve management, foreign exchange reserve assets should be dominated by bonds, and changes in asset prices during the month should have a positive valuation effect. Looking ahead, the industry believes that China's foreign reserve performance is expected to continue its “steady” trend.