China News Service, October 7th. On the 7th, the Central Bank website disclosed the official reserve assets of September.
data shows that foreign exchange reserves in September were US$3028.955 billion, the previous value was US$3054.881 billion, a decrease of US$25.926 billion month-on-month; at the end of September, gold reserves were 62.64 million ounces, the same as last month.
Source: Central Bank website
State Administration of Foreign Exchange Deputy Director and spokesperson Wang Chunying said on the changes in the scale of foreign exchange reserves that in September 2022, cross-border capital flows were generally stable, and domestic foreign exchange supply and demand continued to have a basic balance. In the international financial market, affected by factors such as the monetary and fiscal policies and macroeconomic data of major countries, the index further rose, and the global financial asset prices fell sharply. The combined effect of factors such as exchange rate discount and asset price changes, the scale of foreign exchange reserves fell slightly in that month.
Wang Chunying pointed out that the current external situation is becoming more complex and severe, with global economic instability and uncertainty factors increasing significantly, and volatility in the international financial market has intensified. However, my country's economy continues to recover overall, with strong economic resilience, sufficient potential, broad room for maneuver, and long-term improvement fundamentals that will not change, which will help the overall stability of the scale of foreign exchange reserves. (China Business Network APP)
