China Foreign Exchange Reserves

Last Release

Oct 31, 2024

Actual

3,261,000

Units In

USD Million

3,316,000

Frequency

Monthly

Next Release

Dec 07, 2024

Time to Release

28 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
3,993,212.72 Jun 2014	2,262 Dec 1980	1,288,631.94 USD Million	1980-2024	People's Bank of China

In China, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

Latest Updates

China’s foreign exchange reserves fell by $55.3 billion to $3.261 trillion in October 2024, the lowest in three months, and below market expectations of $3.29 trillion. The decrease was driven by a combination of factors, including currency fluctuations and shifts in asset prices. In October, the People's Bank of China held off on purchasing gold for its reserves for the sixth month in a row. Still, gold reserves increased to an equivalent of $199 billion from an equivalent of $191.5 billion in the previous month, aligned with a rise in gold prices.