Free Trial

China FX Reserves To Remain Stable - Daily

CHINA PRESS
MNI (BEIJING)

China’s FX reserves increased 2.13% m/m in November to USD3.11 trillion, and are expected to remain stable in the near term, according to the Securities Daily. November's increase reflected changes in asset prices and favorable conversion of non-USD reserves into USD. Reserves are expected to remain stable as the Fed slows its rate hikes, growth is supported by Chinese government policies, and China’s trade balance remains resilient. Seasonal factors such as exporters' payment collection at the end of the year will also support stability.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@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.