China’s Foreign Reserves Rise 0.3% to USD$3.1123 Trillion at End of June

 -  -  16


Official data points to ongoing gains in China’s foreign reserves in the month of June.

Figures from the State Administration of Foreign Exchange (SAFE) released on 7 July indicate that as of the end of June China’s foreign reserves stood at USD$3.1123 trillion, for an increase of $10.6 billion, or 0.3%, compared to the end of May.

SAFE spokesperson Wang Chunying (王春英) said that the June increase was the result of shifts in exchange rates and asset prices that month, as a result of the ongoing spread of the COVID-19 pandemic and the monetary and fiscal policies adopted by major economies in response.

Related stories

For­eign In­sti­tu­tional In­vestors Make $14.38 Bil­lion in Net Bond Pur­chases in June

Out­bound Chi­nese For­eign M&A Deals Plunge Since COVID-19, In­bound Lev­els Still Ro­bust: Rhodium Re­port

Chi­na’s Ac­tu­ally Used For­eign In­vest­ment Rises 7.5% YoY in May to Reach $9.7 Bil­lion

16 recommended
comments icon 0 comments
0 notes
320 views
bookmark icon

Write a comment...

Your email address will not be published. Required fields are marked *