① China's gold reserves were 72.8 million ounces at the end of April and 72.74 million ounces at the end of March, increasing its gold reserves for the 18th consecutive month. ② As of the end of April 2024, China's foreign exchange reserves were US$32008 billion, down US$44.8 billion from the end of March, or 1.38%.
Financial Services Association, May 7. According to central bank data, China's gold reserves were 72.8 million ounces at the end of April and 72.74 million ounces at the end of March, increasing its gold reserves for the 18th consecutive month.
Statistics from the State Administration of Foreign Exchange show that as of the end of April 2024, China's foreign exchange reserves were US$32008 billion, down US$44.8 billion from the end of March, or 1.38%.
The State Administration of Foreign Exchange said that in April 2024, due to factors such as macroeconomic data and monetary policy expectations of major economies, the US dollar index rose, and global financial asset prices generally fell. Due to a combination of factors such as exchange rate conversion and changes in asset prices, the size of foreign exchange reserves declined during the month. China has a stable economic base, many advantages, strong resilience and great potential, which is conducive to maintaining basic stability in the size of foreign exchange reserves.
