On March 7, statistics released by the State Administration of Foreign Exchange showed that as of the end of February 2024, China's foreign exchange reserves were US$3,225.8 billion, an increase of US$6.5 billion, or 0., from the end of January20%。
Ding Zhijie, director of the Foreign Exchange Research Center of the State Administration of Foreign Exchange, told the Financial Times that in February 2024, the US dollar index and global financial assets were mixed. In terms of currencies, the US dollar exchange rate index **09% to 1042. The overall depreciation of non-US dollar currencies. In terms of assets, a hedged global bond index denominated in US dollars**13%；S&P 500 Index 43%。Factors such as exchange rate conversion, changes in assets, and investment income have combined to increase the scale of foreign exchange reserves.
Regarding the situation of foreign exchange reserves in the next stage, Wen Bin, chief economist of China Minsheng Bank, said, "The current external situation is uncertain and unstable, and the international financial market continues to be highly volatile. However, China's economy is resilient, has great potential and vitality, and the long-term positive trend of the economy will continue to consolidate and strengthen, which is conducive to maintaining the basic stability of the scale of foreign exchange reserves. ”Everybody is watching
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**: Financial Times client.Reporter: Ma Ling.
Editor: Yu Siqing.
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