China's Foreign Exchange Reserves Rose 1.27% MoM in April, While the Central Bank's Gold Reserves Increased for the Sixth Consecutive Month

According to statistics from the State Administration of Foreign Exchange (SAFE), as of the end of April 2025, China's foreign exchange reserves stood at USD 3,281.7 billion, up USD 41 billion from the end of March, representing an increase of 1.27%.

In April 2025, influenced by factors such as the macro policies and economic growth expectations of major economies, the US dollar index declined, and global financial asset prices showed mixed performance. Driven by a combination of factors including exchange rate conversion and changes in asset prices, the scale of foreign exchange reserves increased that month. China's economy is showing positive momentum, with strong resilience and vitality in its economic development, which is conducive to maintaining the basic stability of the foreign exchange reserve scale.

Official reserve asset data released by the SAFE showed that China's gold reserves stood at 73.77 million ounces at the end of April, up 70,000 ounces MoM, marking the sixth consecutive month of gold reserve increases.