Email:info@knownmachine.com 
   Tel: +86-17719817319
You are here: Home » News » China's foreign-exchange reserves stood at $3.18 trillion at the end of November
Add : No. 101 NanYang Road,Zhengzhou,china
Skype : kevin.wang599
Tel : +86-371-53706735
Fax : +86-371-86153736

China's foreign-exchange reserves stood at $3.18 trillion at the end of November

Views:1     Author:Site Editor     Publish Time: 2020-12-10      Origin:Site

On December 7, the official reserve assets data released on the website of the People's Bank of China showed that by the end of November, China's foreign exchange reserve volume was 3,178.499 billion US dollars, and the value at the end of October was 3,127.982 billion US dollars, up by 50.5 billion US dollars or 1.61%.

Source: Central Bank website

Gold reserves stood at 62.64m ounces, unchanged so far this year.

Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson of the State Administration of Foreign Exchange, pointed out that China's foreign exchange market operated steadily in November, market expectations remained stable and the overall cross-border fund flows were balanced.

On the international financial market, affected by COVID-19 epidemic, vaccine development progress, and monetary and fiscal policy expectations of major countries, the US dollar index fell, non-US dollar currencies generally rose, and asset prices such as stocks and bonds of major countries rose.

As a result of the combined effect of exchange rate conversion and asset price changes, the scale of foreign exchange reserves rose in that month.

Wang chunying noted that the COVID-19 epidemic is still spreading around the world, the instability and uncertainty in the world economy are significantly increasing, and the risks and challenges in the international financial market are significantly increasing.

It is expected that China's foreign exchange market will present a basically stable and two-way fluctuation pattern in the future.

1ad5ad6eddc451dad283c68064f3e661d016327e

ARTEX GROUP COMPANY LIMITED

 Address: NO. 8 ZHENGHUA ROAD,ZHENGZHOU, CHINA
 TEL: 86 371 53706735  
 FAX: 86 371 86153736
 Contact Person: Sara Bie
 Email:iris@zzreally.com
 Skype: kevin.wang599
 Mobile: 0086-18037306386

ZHENGZHOU KNOWN IMP.&EXP. CO.,LTD

 ADD:ROOM 1402,14TH FLOOR,BUILDING 3,
    NO.131,JIANYE ROAD, JINSHUI DISTRICT, 
    ZHENGZHOU CITY, HENAN PROVINCE,CHINA
 TEL: 86 371 53706735  
 FAX: 86 371 86153736
 Contact Person: Kevin Wang
 Email:info@knownmachine.com
 Skype: kevin.wang599
 Mobile / Whatsapp: 0086-17719817319
Alibaba:www.zzknown.en.alibaba.com

ZHENGZHOU REALLY IMP. & EXP. CO., LTD

 ADD:ROOM 1318, 13/F JUHE BUILDING, EAST OF YUFENG ROAD, ZHENGZHOU CITY, HENEN, CHINA
 TEL: 86 371 53706735  
 FAX: 86 371 86153736
 Contact Person: Cherry wei
 Email:info@zzreally.com
 Skype: +8617719817313
 Mobile / Whatsapp: 0086-17719817313
alibaba:www.zzreally.en.alibaba.com

INQUIRY
Copyright © ZhengZhou Known Imp. & Exp. Co., Ltd.   Support:coverweb  Site Index