China FX reserves rise for fifth consecutive month

PBoC figures show $3.22 billion increase, resulting in fifth monthly reading above $3 trillion

Asian dragon
Show of strength: yuan appreciated by 2.74% against the dollar this year; last year it fell 6.6%

China’s foreign exchange reserves rose for the fifth consecutive month in June, as stricter capital controls helped stem outflows from the country and a stable yuan encouraged foreign investors to pour more money into the mainland.

Figures published by the People’s Bank of China (PBoC) show FX reserves increased by $3.22 billion to $3.056 trillion at the end of June – up from $3.054 trillion in May and slightly below the market forecasts of $3.061 trillion expected by analysts.

June’s data

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: