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MNI 5 THINGS: China's FX Reserves Valued Higher for 3rd Month 

     BEIJING (MNI) - Here are the major takeaways from China's January FX
reserves data released by the State Administration of Foreign Exchange on
Monday:
     - FX reserves increased by $15.2 billion to $3.09 trillion in January, up
from $3.07 trillion in December.
     - The FX reserves' value was bolstered by exchange rate conversions and
asset price fluctuations, mostly the depreciation of U.S. dollar, according to
SAFE.
     - Chinese economy has maintained a generally stable and progressive trend
amid a global slowdown, and its balance of payments is in equilibrium. This
provides a solid foundation for the reserves' stability, SAFE said.
     - China's FX reserves are expected to remain generally stable; China can
maintain the overall stability of cross-border capital flows and ensure FX
supply meets demand, SAFE said.
     - The yuan appreciated by 2.33% against the U.S. dollar in January,
according to Wind Information.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MAQDS$,M$A$$$,M$Q$$$,MT$$$$]
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Data StoriesImpactDataPolicy NewsBellAPACChinaJapanAustraliaNew ZealandChina Market NewsRegion
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