The foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency (the renminbi). As of October 2024, China's foreign exchange reserves totaled US$3.261 trillion, which is the highest foreign exchange reserves of any country.[1]
The management of foreign exchange reserves is governed by the State Administration of Foreign Exchange (SAFE)[2] and the People's Bank of China.[3]
- ^ "CNGFOREX Quote - China Monthly Foreign Exchange Reserves Index". Bloomberg.com. Archived from the original on April 15, 2017. Retrieved August 8, 2023.
- ^ State Administration of Foreign Exchange's website Archived August 20, 2008, at the Wayback Machine / English / About SAFE / Major Functions
- ^ About the PBC Archived February 23, 2016, at the Wayback Machine, People's Bank of China website