China's foreign exchange reserves rose by USD 12.3 billion to USD 3.108 trillion in December 2019, while markets had forecast a USD 7.4 billion increase to USD 3.103 trillion, due to fluctuations in global exchange rates and the prices of foreign bonds that the country holds. The value of gold reserves went up to USD 95.406 billion at the end of December from USD 91.469 billion at the end of November. Foreign Exchange Reserves in China averaged 1057893.44 USD Million from 1980 until 2019, reaching an all time high of 3993212.72 USD Million in June of 2014 and a record low of 2262 USD Million in December of 1980. source: People's Bank of China

Foreign Exchange Reserves in China is expected to be 3120000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in China to stand at 300000.00 in 12 months time. In the long-term, the China Foreign Exchange Reserves is projected to trend around 3100000.00 USD Million in 2020, according to our econometric models.


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China Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
3108000.00 3095591.00 3993212.72 2262.00 1980 - 2019 USD Million Monthly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 09:00 AM Sep $3.092T $3.107T $3.101T $3.1T
2019-11-07 08:00 AM Oct $3.105T $3.092T $3.1T $3.1T
2019-12-07 04:00 AM Nov $3.096T $3.105T $3.103T $3.1T
2020-01-07 08:00 AM Dec $3.108T $3.096T $3.103T $3.1T
2020-02-07 07:00 AM Jan $3.108T $3.1T


News Stream
2019-12-07
China Forex Falls More than Expected in November
China's foreign exchange reserves declined by USD 9 billion to USD 3.096 trillion in November 2019, compared to market expectations of a USD 2 billion fall to USD 3.103 trillion, amid escalating US - China trade war. The decrease in November reserves was due to changes in global exchange rates and asset prices, the foreign exchange regulator said in a statement. Considering the first eleven months of the year, the amount rose by USD 22.9 billion, or 0.7 percent from the beginning of 2019. The value of gold reserves dropped to USD 91.47 billion at the end of November from USD 94.65 billion at the end of October.

2019-11-07
China Forex Reserves Rise More than Expected
China's foreign exchange reserves increased by USD 12.7 billion to USD 3.105 trillion in October 2019, compared to market expectations of a USD 7.6 billion rise to USD 3.100 trillion. The increase in October reserves was due to changes in global exchange rates and asset prices, the foreign exchange regulator said in a statement. The value of gold reserves rose to USD 94.65 billion at the end of October from USD 93.045 billion at the end of September.

2019-10-07
China Forex Reserves Fall More than Expected
China's foreign exchange reserves dropped by USD 14.7 billion to USD 3.092 trillion in September 2019, compared to market expectations of a USD 6 billion fall to USD 3.101 trillion. The yuan posted its biggest monthly drop in 25 years in August amid an escalating trade war with the US. China's gold reserves, valued at around USD 93 billion, rose for the 10th straight month to 62.64 million ounces. The central bank has been increasing its gold reserves since the beginning of the year, in line with a global trend of increased gold holdings by central banks.

2019-09-07
China Forex Reserves Rise Unexpectedly in August
China's foreign exchange reserves rose by USD 3.5 billion to USD 3.107 trillion in August 2019, defying market expectations of a USD 4 billion fall to USD 3.100 trillion, as the country maintained a stable balance of international payments and generally stable economic growth. Still, the yuan posted its biggest monthly drop in 25 years in August amid an escalating trade war with the US. The value of China's gold reserves rose to USD 95.45 billion from USD 87.876 billion at end-July.

2019-08-07
China Forex Reserves Fall Less than Expected
China's foreign exchange reserves fell USD 15.54 billion to USD 3.104 trillion in July 2019, while markets had forecast a USD 18.0 billion drop to USD 3.101 trillion. This was likely due to fluctuations in global exchange rates and the prices of foreign bonds that China holds. Meanwhile, the value of China's gold reserves rose to USD 88.876 billion in July from USD 87.27 billion in June.

2019-07-08
China Forex Reserves at Over Year High
China's foreign exchange reserves increased by USD 18.23 billion to USD 3.119 trillion in June 2019, beating market expectations of USD 3.103 trillion, despite persistent trade tensions with the US. That was the highest amount of foreign reserves since April 2018, due to changes in currency conversion rates and asset prices, the foreign exchange regulator said in a statement. Meanwhile, the value of China's gold reserves rose to USD 87.27 billion at the end of June from USD 79.83 billion in the previous month.


China Foreign Exchange Reserves
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.

China Money Last Previous Highest Lowest Unit
Interest Rate 4.15 4.15 5.77 4.15 percent [+]
Cash Reserve Ratio 13.00 12.50 21.50 6.00 percent [+]
Money Supply M0 7720.00 7397.38 8747.06 17.85 CNY Billion [+]
Money Supply M1 57600.00 56248.65 57600.00 74.51 CNY Billion [+]
Interbank Rate 3.17 3.09 9.89 0.00 percent [+]
Money Supply M2 198650.00 196142.96 198650.00 5840.10 CNY Billion [+]
Foreign Exchange Reserves 3108000.00 3095591.00 3993212.72 2262.00 USD Million [+]
Central Bank Balance Sheet 371130.48 363075.36 372492.06 34443.90 CNY HML [+]
Banks Balance Sheet 1140.00 1390.00 3230.00 -32.10 CNY Billion [+]
Loans to Private Sector 21030.00 21030.00 46791.00 -974.00 CNY HML [+]
Deposit Interest Rate 0.35 0.35 3.15 0.35 percent [+]
Loan Growth 12.30 12.40 34.44 10.60 percent [+]
Lending Rate 4.35 4.35 12.06 4.35 percent [+]
Loans To Banks 1525755.35 1514503.44 1525755.35 413413.10 CNY HML [+]
Reverse Repo Rate 2.50 2.50 4.40 2.25 percent [+]
Fixed Asset Investment 5.40 5.20 53.00 5.20 percent [+]