February 7, 2018 / 11:33 AM / a year ago

China forex reserves will remain stable overall - FX regulator

A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

BEIJING (Reuters) - China foreign exchange reserves will remain stable overall as cross-border capital flows and foreign exchange supply and demand become more balanced, the foreign exchange regulator said Wednesday.

The $21.5 billion (15.45 billion pounds) increase in China’s foreign exchange reserves in January was primarily driven by appreciation of non-U.S. dollar currencies and changes in asset prices, the State Administration of Foreign Exchange said on in a statement on its website.

China’s foreign exchange reserves rose for a 12th straight month in January to $3.161 trillion, central bank data showed on Wednesday.

Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below