The latest statistics from China's State Administration of Foreign Exchange show that as of the end of September this year, foreign exchange reserves totaled US$3.3387 trillion (RM14.07 trillion); the People's Bank of China has increased its gold holdings for 11 consecutive months.
On the 7th, the State Administration of Foreign Exchange released its latest statistics, showing that as of the end of September this year, China's foreign exchange reserves stood at US$3.3387 trillion, an increase of US$16.5 billion (RM69.54 billion) compared to the end of August, marking a 0.5% rise.
The State Administration of Foreign Exchange stated that, affected by major economies' macroeconomic data, monetary policies and expectations, the US dollar index experienced slight volatility, global financial asset prices rose overall, and the combined effects of exchange rate conversion and asset price changes led to a rise in the scale of foreign exchange reserves.
The administration also said that China's economy has maintained overall stability with steady progress and has achieved new results in high-quality development, which is conducive to keeping the scale of foreign exchange reserves basically stable.
The People's Bank of China released its latest statistics on the 7th, stating that as of the end of September this year, gold reserves stood at 74.06 million ounces, an increase of 40,000 ounces compared to the end of August.
The Paper reported on the 7th that in the first three quarters of this year, China's foreign exchange reserves increased by a cumulative US$136.3 billion (RM574.4 billion). From January to June this year, foreign exchange reserves showed several consecutive months of growth; July saw a decrease of US$25.187 billion (RM106.2 billion), August an increase of US$29.919 billion (RM126.1 billion), and September an increase of US$16.5 billion.
The People's Bank of China previously increased gold holdings for 18 consecutive months, then paused from May last year, and resumed increases starting in November last year. From November last year to September this year, the People's Bank of China has increased gold holdings for 11 consecutive months.