China’s foreign exchange reserves rose to $3.3433 trillion by the end of October, marking an increase of 0.14% compared with the end of September.
According to the State Administration of Foreign Exchange (SAFE), the increase was due to a combination of exchange rate changes and asset price fluctuations. Global financial asset prices generally rose in October, driven by multiple factors including macroeconomic data and monetary policy expectations in major economies.
China’s foreign exchange reserves remain among the largest in the world, serving as a highly secure buffer against potential global financial crises.
