China ended October with larger foreign-exchange reserves and more gold, but a lower dollar value for its total reserve assets. Currency reserves reached 3,405.178 billion dollars, while the value of gold holdings fell despite an increase in their physical quantity. The monthly figures put total reserves at 3,777.561 billion dollars. At September-end the total was 3,789.425 billion dollars.
China’s State Administration of Foreign Exchange recorded an October-end increase in foreign-currency reserves. They rose from 3,400.251 billion dollars at September-end to 3,405.178 billion dollars, a monthly gain of 4.927 billion dollars. The authority released the October figures on November 7. Its reserve-assets series tracks month-end holdings and also presents their value in special drawing rights.[1], [2]
Gold holdings reached 78.30 million troy ounces, compared with 77.47 million at the end of September. Their dollar value dropped from 323.517 billion dollars to 306.411 billion dollars. The month-end observations put physical holdings at 74.19 million troy ounces in January, 75.44 million in June and 76.73 million in August.[1]
The broader reserve total fell from 3,789.425 billion dollars to 3,777.561 billion dollars. Alongside currency and gold, it includes the International Monetary Fund reserve position, which slipped from 10.926 billion dollars to 10.897 billion dollars. Special drawing rights were valued at 55.600 billion dollars, down from 55.726 billion dollars. Other reserve assets stood at minus 0.525 billion dollars.[1]
