China’s FX Reserves Reach 10-Year High

China’s foreign exchange reserves rose by USD 28.7 billion to USD 3.428 trillion in February 2026 from USD 3.399 trillion in the previous month. The increase marked the seventh consecutive monthly gain and lifted reserves to their highest level since November 2015, supported by the Chinese yuan’s stronger performance against the U.S. dollar in recent weeks and valuation effects on non-dollar assets. Meanwhile, the People’s Bank of China continued to add to its gold holdings, extending its buying streak to a 16th straight month as the global gold rally persisted into February. The central bank’s gold reserves edged up to 74.22 million fine troy ounces by the end of the month, from 74.19 million ounces in January. In value terms, China’s gold reserves rose sharply to USD 387.59 billion at the end of February, compared with USD 369.58 billion a month earlier, largely reflecting higher global gold prices.

China’s foreign exchange reserves increased by USD 41.2 billion to USD 3.399 trillion in January 2026, up from USD 3.358 trillion in December 2025. This marked the sixth consecutive monthly rise and the highest level since November 2015, supported by a persistently weaker U.S. dollar. Meanwhile, the People’s Bank of China continued to add to its gold holdings for the fifteenth consecutive month, with reserves rising slightly to 74.19 million fine troy ounces in January from 74.15 million in December 2025. The value of these holdings climbed to USD 369.58 billion, up from USD 319.45 billion a month earlier. In 2025, China’s foreign exchange reserves increased in 11 months, rising by USD 155.512 billion over the year.

China’s foreign exchange reserves increased by USD 11.5 billion to USD 3.358 trillion in December 2025, up from USD 3.346 trillion in November. This marked the fifth consecutive monthly rise and the highest level since November 2015, supported by a persistently weaker US dollar. Last month, the yuan fell 1.22% against the dollar, while the dollar weakened 1.23% against a basket of other major currencies. Meanwhile, the People’s Bank of China continued to add to its gold holdings for the fourteenth consecutive month,with reserves rising slightly to 74.15 million fine troy ounces in December from 74.12 million in November. The value of these holdings increased to USD 319.45 billion, up from USD 310.64 billion a month earlier.