China Forex Reserves Edged Up in October

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1. 44m ago

   China Foreign Exchange Reserves Rise in October

   China increased its foreign exchange reserves to USD 3.405 trillion in October 2026, marking an increase of USD 4.9 billion from September. The People's Bank of China also extended its gold-buying campaign to 24 straight months, pushing reserves to 78.30 million fine troy ounces. Despite the volume gains, the total value of these gold holdings declined due to shifts in global asset valuations and lower bullion prices. Global monetary policies, a stronger US dollar, and macroeconomic data played a role in the monthly adjustments.

   Why it matters

   The monthly accumulation reflects ongoing adjustments by the world's second-largest economy as central banks navigate shifting global financial conditions. The People's Bank of China has maintained a persistent acquisition strategy for bullion over two years. Asset valuations and currency translation effects continue to exert influence on the reported total figures.

   What is confirmed

   • China's foreign exchange reserves rose by USD 4.9 billion to USD 3.405 trillion in October 2026, marking a 0.14% increase from USD 3.400 trillion in September.
   • The People's Bank of China continued to add to its gold holdings for the 24th consecutive month, with reserves rising to 78.30 million fine troy ounces in October from 77.47 million in September.
   • The value of China's gold holdings fell to USD 306.41 billion in October, down from USD 323.52 billion a month earlier.

   Still unconfirmed

   • Global macroeconomic data, monetary policies, a stronger US dollar, and fluctuations in global financial asset prices likely influenced the reserve increase through currency translation and asset valuations.

   What to watch next

   • Whether the People's Bank of China continues its gold-buying streak beyond 24 months.
   • Future monthly reserve reports from China's State Administration of Foreign Exchange.
   Sources used for this update (9)

   1. WSJ — China Forex Reserves Edged Up in October
   2. marketscreener.com — China's forex reserves rise slightly in October
   3. 巴士的報 — China's foreign exchange reserves rise in Oct
   4. discoveryalert.com — Central Bank Gold Custody Is Shifting, but Not Simply Eastward
   5. www.bastillepost.com — US stocks slip following a discouraging update on inflation
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   7. tradingeconomics.com — China Forex Reserves Rise Slightly in October - TRADING ECONOMICS
   8. tradingeconomics.com — Investec | INVP - Stock Price | Live Quote | Historical Chart
   9. www.gate.com — China's Foreign Exchange Reserves Hit $3.4052 Trillion in ...
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