Free Trial

China Forex Reserves Fall 1.09%: SAFE

CHINA PRESS
MNI (Sydney)

China's foreign exchange reserves stood at CNY3.17 trillion at the end of March, down CNY35 billion or 1.09% from the end of February, according to the China State Administration of Foreign Exchange. The reduction was due to the gain in the U.S. dollar index and a fall in bond prices of major countries, said Deputy Director Wang Chunying. China's strengthening domestic economy will keep the scale of foreign exchange reserves stable, Wang said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.