[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] U.S. Steel Commences Restart of Second Battery at Mon Valley Works

Following an accident in August 2025, United States Steel Corporation announced on February 6, 2026, that it has begun the process of restarting Battery #13 at its Mon Valley Works. This is the second coke battery to return to operation, aimed at restoring the plant's internal coke supply and reducing reliance on external merchant coke. The move is critical for the long-term viability of the integrated facility's blast furnace operations.

Common.Time.minsAgo

[SMM Iron & Steel] Vidarbha Region of India Receives ₹25,100 Crore ($3 Bil) Investment for Steel Expansion

During the "Advantage Vidarbha 2026" event on February 7, 2026, several major steel and automotive projects were announced for Maharashtra's Vidarbha region. Super Smelters pledged ₹10,100 crore for a new integrated steel plant, while Mahindra & Mahindra committed ₹15,000 crore for automotive facilities that will consume significant local steel. The region is being positioned as a green steel hub due to its high-grade iron ore reserves and potential for renewable energy integration.

Common.Time.minsAgo

[SMM Iron & Steel] Tata Steel India Achieves Record Quarterly Deliveries of 6 Million Tonnes

On February 7, 2026, Tata Steel reported its Q3 FY26 results, highlighting a landmark performance in its Indian operations. The company achieved a 12% year-on-year increase in crude steel production, reaching 6.34 million tonnes. Domestic delivery volumes surged by 14%, marking the first time the company has surpassed the 6-million-tonne mark in a single quarter. This growth was bolstered by increased capacity utilization and strong demand from the automotive and infrastructure sectors.

Common.Time.minsAgo