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- Index number:
- 000014453-2023-0029
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- Dispatch date:
- 2023-04-07
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number：
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- Name：
- SAFE Releases Data on China's Foreign Exchange Reserves at the End of March 2023
According to the statistics of the State Administration of Foreign Exchange (SAFE), by the end of March 2023, China's foreign exchange reserves registered USD 3.1839 trillion, up by USD 50.7 billion, or 1.62%, from the end of February.
In March 2023, influenced by factors like monetary policies and expectations of major economies, the US dollar index fell while the prices of global financial assets increased. China's foreign exchange reserves rose this month due to the combined effects of currency translation and asset price changes. China has a solid economic foundation, maintains stability while seeking progress, and has a wide range of opportunities for growth and development, all of which help preserve the scale of foreign exchange reserves at the same level.
