[China's Foreign Exchange Reserves Grew for the 6th Consecutive Month]

Published: Feb 9, 2026 12:01

Save

Driven by the decline in the US dollar index and the overall rise in global financial asset prices, China's foreign exchange reserves continued their upward trend. Data released by the State Administration of Foreign Exchange on February 7 showed that, as of the end of January, China's foreign exchange reserves amounted to $3,399.1 billion, an increase of $41.2 billion from the end of December 2025, representing a growth of 1.23%. Data published on the same day on the website of the People's Bank of China indicated that, as of the end of January, China's gold reserves reached 74.19 million ounces, up 40,000 ounces MoM. This marks the 15th consecutive month that the People's Bank of China has increased its gold holdings.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

[SMM Iron & Steel] Meranti Green Steel Secures Full Offtake for 2.5 MTPA Oman Project

Meranti Green Steel announced in late January and early February 2026 that it has secured full offtake agreements for the first phase of its DRI/HBI plant in Al Duqm, Oman. Partners include Thyssenkrupp Materials Trading (1 mtpa) and Glencore. The project, which utilizes green hydrogen, is set for a final investment decision in mid-2026, with commissioning planned for 2029.

Common.Time.minsAgo

[SMM Iron & Steel] Czechia’s Nová Hut Invests $7.3M for New 1.5 MTPA EAF

Nová Hut (formerly Liberty Ostrava) in the Czech Republic announced a CZK 150 million ($7.3 million) investment for 2026 on February 3. The funds will be used for the preparatory construction of a new 1.5 mtpa Electric Arc Furnace (EAF). This move is part of the European steel industry's shift away from coal-dependent blast furnaces toward scrap-based or DRI-based production to meet emission targets.

Common.Time.minsAgo

[SMM Iron & Steel] Anglo American Kumba Sets 2026 Guidance at 31–33 MT

Anglo American’s Kumba Iron Ore confirmed on February 5, 2026, that its production guidance for 2026 remains at 31–33 million tonnes (Mt). This figure is lower than 2025 levels due to the planned "tie-in" of the Ultra High Dense Media Separation (UHDMS) project scheduled for the second half of 2026. Sales guidance for the year is slightly higher at 35–37 Mt, accounting for a planned drawdown of finished stock

Common.Time.minsAgo