How much is China s foreign exchange reserves, and what are the components of China s foreign exchan

The size of China's foreign exchange reserves has reversed the continuous downward trend. According to data released by the State Administration of Foreign Exchange of China (hereinafter referred to as the "State Administration of Foreign Exchange") on the 7th, as of the end of November 2020, China's foreign exchange reserves were US$3,178.5 billion, an increase of US$50.5 billion from the end of October.

As of the end of November 2020, China's ** reserves were 62.64 million ounces, unchanged for 14 consecutive months; In SDR (Special Drawing Rights) terms, China's foreign exchange reserves amounted to 100 million SDRs, an increase of 100 million SDRs from the end of October.

Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that in November, China's foreign exchange market operated steadily, market expectations remained stable, and cross-border capital flows were generally balanced. In the international financial market, affected by the new crown pneumonia epidemic and the progress of vaccine research and development, and the expectations of monetary and fiscal policies of major countries, the US dollar index**, non-US dollar currencies as a whole**, major countries**, bonds and other assets increased. Factors such as exchange rate translation and changes in assets** combined to increase the scale of foreign exchange reserves in the month.

Wen Bin, chief researcher of China Minsheng Bank, believes that on the whole, the scale of China's foreign exchange reserves has remained relatively stable. This month's valuation** has led to the replenishment of foreign exchange reserves, and the scale of China's foreign exchange reserves has remained between trillions and trillions of US dollars for seven consecutive months, and the foundation for stability is relatively solid.

Wang Chunying said that at present, the new crown pneumonia epidemic is still spreading around the world, the instability and uncertainty of the world economy have increased significantly, and the risks and challenges of the international financial market have increased significantly. It is expected that China's foreign exchange market will show a basically stable and two-way fluctuation pattern in the future.

1. Currency composition.

The structure of China's foreign exchange reserves has not been explicitly disclosed to the outside world and is currently a state financial secret. It is estimated that US dollar assets account for about 70%, the yen about 10%, and the euro and pound sterling about 20%, according to a report from the Bank for International Settlements, Reuters and the proportion of currencies in China's foreign trade balance.

2. Specific forms.

**Short-term deposits abroad or other means of payment that can be cashed abroad, such as foreign valuable**, checks, promissory notes, foreign currency drafts, etc. from foreign banks. It is mainly used to pay off the balance of payments deficit and to intervene in the foreign exchange market to maintain the exchange rate of the national currency.

Most of China's foreign exchange reserves are stored abroad by buying bonds from the United States and the European Union. A small number of banks in various countries are also counted abroad. The remainder is held in domestic banks.

China implements a strict system of bank settlement and sale of foreign exchange, ** banks.

It is stipulated that the country's 4,571 commercial banks must carry out daily foreign exchange transactions.

obtained by the central bank for the resale of most foreign exchange.

Thus forming foreign exchange reserves held by the central bank; In order to maintain daily foreign exchange receipts and payments, commercial banks can only retain a limited amount of over-the-counter foreign exchange. **The foreign exchange reserves of the bank plus the counter foreign exchange of all commercial banks are the national foreign exchange reserves.

Foreign exchange reserves can only be deposited in foreign banks, including foreign banks in the country and foreign banks in China, or for the purchase of foreign government bonds, etc. Due to the strong liquidity and high profitability of treasury bonds, most of the foreign exchange reserves of countries around the world are invested in foreign treasury bonds and other valuable bonds.

Extended Materials. China's foreign exchange reserves.

The main component is the US dollar asset, which is the State Administration of Foreign Exchange.

According to the released data, at the end of the first quarter of 2014, China's total foreign exchange reserves increased to one trillion US dollars. It peaked at $3,993.2 billion at the end of June 2014.

Foreign exchange reserves, also known as foreign exchange reserves.

It refers to the foreign exchange part of the international reserve assets held by a country**, that is, the claims expressed in foreign currency held by a country**, which are assets held by a country's monetary authority and can be exchanged for foreign currencies at any time.

As of the end of August 2019, China's foreign exchange reserves were US$3,107.2 billion, an increase of US$3.5 billion from the end of July. An increase of US$34.5 billion from the beginning of the year.

The main component of China's foreign exchange reserves is US dollar assets, which are mainly held in the form of US Treasury bonds and agency bonds. It is estimated that US dollar assets account for about 70% of the model, and the yen is about 10% of the euro.

and about 20% of the pound, according to a report from the Bank for International Settlements, Reuters.

report, and the proportion of each currency in China's foreign trade balance.

There is a view that the foreign exchange reserves of countries that implement a floating exchange rate system are better than about 10 percent of GDP, and China's current level of foreign exchange reserves is obviously on the high side.

Our country's ever-expanding foreign exchange reserves are not a symbol of wealth at all, and after this foreign exchange reserve exceeds a certain level, the larger it is, the more serious the imbalance in our country's economic structure, which is not a good thing.

billion dollars.

Extended Information:1The main component of China's foreign exchange reserves is US dollar assets.

According to data released by the State Administration of Foreign Exchange, at the end of the first quarter of 2014, China's total foreign exchange reserves increased to one trillion US dollars. It peaked at $3,993.2 billion at the end of June 2014.

2.Foreign exchange reserves, also known as foreign exchange reserves, refer to the foreign exchange part of the international reserve assets held by a country**, that is, the claims held by a country** in foreign currency, which are held by the monetary authority of a country and can be converted into foreign currency at any time.

As of the end of December 2020, the balance of the country's foreign exchange reserves stood at one trillion US dollars. At the end of December, the exchange rate of the renminbi was the renminbi against the US dollar. On March 7, 2021, data released by the State Administration of Foreign Exchange showed that as of the end of February, China's foreign exchange reserves were US$3,205 billion, a decrease of US$5.7 billion from the end of January.

So far, the scale of China's foreign exchange reserves has been above one trillion dollars for 10 consecutive months and above one trillion dollars for three consecutive months. The size of foreign exchange reserves has reached its highest level since 2017. As of the end of September 2021, China's foreign exchange reserves stood at US$3,200.6 billion, a decrease of US$31.5 billion from the end of August.

As of the end of December 2021, China's foreign exchange reserves were US$3,250.2 billion, an increase of US$27.8 billion from the end of November, an increase of about US$33.6 billion in 2021. As of the end of February 2022, China's foreign exchange reserves were US$3,213.8 billion, a decrease of US$7.8 billion from the end of January. Chinese name:

China's foreign exchange reserves. Other names; Foreign exchange reserve; main components; U.S. dollar assets are mainly held in the form of U.S. Treasuries and agency bonds.

China's foreign exchange reserves are mainly composed of US dollar assets, which are mainly held in the form of US Treasury bonds and agency bonds. Based on the Bank for International Settlements report, the Reuters report, and the share of each currency in China's foreign trade balance, it is estimated that about 70% of assets are in US dollars, 10% in Japanese yen, and 20% in euros and pounds.

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According to the latest data from the State Administration of Foreign Exchange, as of the end of August, China's foreign exchange reserves have maintained growth for five consecutive months, standing at a trillion-dollar level and hitting the highest value in nearly four years.

According to statistics from the State Administration of Foreign Exchange, as of the end of October 2020, China's foreign exchange reserves amounted to US$3,128 billion, an increase of about US$20.1 billion from the end of 2019. Since the reform and opening up, China's foreign exchange reserves have "jumped" growth: in 1990, it exceeded 10 billion US dollars, in 1996 it exceeded 100 billion US dollars, in 2006 it became the world's first and exceeded one trillion US dollars, and in 2011 it exceeded 3 trillion US dollars.

As of 2020, China's foreign exchange reserves were US$3,090.2 billion, ranking first in the world.

The scale of China's foreign reserves is still close to 30 of the world's foreign reserves, ranking 2 6 times and 4 5 times that of Japan in second place and Switzerland in third place, respectively.

According to the latest data on the scale of foreign exchange reserves released by the People's Bank of China, at the end of January 2020, China's foreign exchange reserves were US$3,139.9 billion, an increase of US$20.7 billion from the end of November, an increase of US$11 in a row, and the increase was the eleventh consecutive month.

The ranking of foreign exchange reserves of various countries, the red lightning is here again, witnessing China's speed.

According to the data released by the State Administration of Foreign Exchange on March 7, 2019, as of the end of February 2019, China's foreign exchange reserves amounted to US$3,090.2 billion, an increase of US$2.3 billion from the end of January, an increase of US$2.3 billion, marking the fourth consecutive month of increase in China's foreign exchange reserves. Chinese mainland's foreign exchange reserves rank first among the world's economies.

China's foreign exchange reserves are the largest in the world and are close to the total size of the German economy.

The financial "treasury" maintained by the People's Bank of China is huge, close to the size of the German economy as large, more than twice as large as Japan's foreign exchange reserves, the world's second-largest foreign exchange reserves, and more than four times the foreign exchange reserves of Switzerland.

The fifth largest foreign exchange reserve is Taiwan, with $457.1 billion.

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China now has $867 billion in U.S. debt.

China has more than $500 billion in U.S. debt, and in 2013 China held trillions of U.S. Treasury bonds. As of the end of December 2022, China's U.S. debt holdings were only $867 billion, for a total of $453 billion. The highest trillion dollars in 2019 and $340 billion in three years.

In the coming year, it should also be reformed by 200 billion US dollars. Reduced to about 600 billion US dollars, which is what the country should implement, and at the same time increase 2,000-5,000 tons**. **The reserve should be 6,000 tons.

U.S. Treasury market outlook:

The Fed's interest rate hike momentum has slowed down as U.S. inflation has gradually slowed, but as long as they don't cut rates for a day, the U.S. Treasury market is still facing significant selling pressure. The yield on the 10-year U.S. Treasury bond is already negative after being adjusted for monthly inflation data, and theoretically speaking, holders of U.S. overseas Treasury bonds such as China, Japan, Britain, and France will lose a month of money if they hold hundreds of billions of U.S. bonds for an extra month. <>

As of 2020, China's foreign exchange reserves were US$3,090.2 billion, ranking first in the world.

China's foreign reserves. The scale is still close to 30 of the world's foreign reserves, ranking first in the global foreign exchange reserves, 2.6 times and 4.5 times that of Japan in second place and Switzerland in third place, respectively.

People's Bank of China.

According to the latest data on the scale of foreign exchange reserves, at the end of January 2020, China's foreign exchange reserves were US$3,139.9 billion, an increase of US$20.7 billion from the end of November, an increase of 11 consecutive months.