China has the highest foreign exchange reserves in the world, which is one of the most important elements of its national power. BEIJING, Nov. 7 (Xinhua) -- China's foreign exchange reserves rose to 3.0524 trillion U.S. dollars at the end of October, up 23.5 billion U.S. dollars from a month earlier, official data showed on . "[17], China's holdings of foreign debt and currencies, Concern over Chinese holdings of U.S. debt, " Should Americans be concerned that China has started dumping some of its Treasury holdings? In July 2020, China's foreign exchange reserves totaled US$3.15 trillion, which is the highest foreign exchange reserves of any country. Register in seconds and access exclusive features. Economists said the reserves' valuation effect and China's large trade surplus may have helped lift the country's foreign-exchange reserves last month, though depreciation pressure on the Chinese yuan remained. offshore clearing houses around the world. IMF - Currency Composition of Official Foreign Exchange Reserves COFER Abstract End-of-period quarterly data on the currency composition of official foreign exchange reserves. Then you can access your favorite statistics via the star in the header. The data in Figure 4.2 are obtained from the IMF Currency Composition of Official Foreign Exchange Reserves (COFER) dataset, which contains the total amount of reserves held in five major currencies by a group of advanced economies and a group of emerging and developing economies. For confidentiality reasons, no information on the currency composition of reserves for individual countries is . Foreign exchange reserves are a nation's backup funds in case of an emergency, such as a rapid devaluation of its currency. As of it amounted to USD trillion, accounting for just under 1/3 of the global FX reserves Currency Composition of Official Foreign Exchange Reserve - IMF Data. National Bureau of Statistics of China. Chinese President Xi Jinping recognized the importance of "meeting the transparency standards of other major reserve currencies," according to a joint statement released by the White House last. U.S. Treasury sweetens the pot on I-bonds by adding a fixed rate, The stock market can make you a lot of money, but to be Forbes 400 rich youll need to do this first, Hedge-fund giant Elliott warns looming hyperinflation could lead to global societal collapse. Visit a quote page and your recently viewed tickers will be displayed here. (2022). the world to identify trading and investing opportunities, strengthen advisor-client The rest of the world are users of the dollar; not issuers. National Bureau of Statistics of China. Currently, you are using a shared account. That is a cost to China. China's State Administration of Foreign Exchange (SAFE), which manages China's foreign reserves, has four investment entities: Huaxin in Singapore, Huaou in London, Huamei in New York, and. 1980-2022. The foreign-exchange reserves of China are the greatest of all countries and have been so for more than 14 years. Corporate solution including all features. The expected level was $3.018 trillion. "[18], A significant number of economists and analysts dismiss any and all concern over foreign holdings of United States government debt denominated in U.S. dollars, including China's holdings. and over 1Mio. The country's hoard of foreign exchange stood at $3.029 trillion at the end of . Amid the Russian-Ukrainian conflict, the United States has punitively frozen $300 billion worth of Russian reserves. Details on the Reserve Bank of India are available on the page link provided here. As the ", National Bureau of Statistics of China, China's foreign exchange reserves from 2008 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/278206/foreign-exchange-reserves-of-china/ (last visited November 07, 2022), China's foreign exchange reserves from 2008 to 2021, Available to download in PNG, PDF, XLS format, Profit growth in the banking sector in China 2012-2020, Number of commercial banks in China 2010-2021, Cash reserve ratio in big banks in China 2019-2022, Interest on deposit accounts in China 2008-2021, Total deposits of large state-owned commercial banks in China 2014-2021, Individual deposits of large state-owned commercial banks in China 2015-2021, Corporate deposits of large state-owned commercial banks in China 2014-2021, Total loans from large state-owned commercial banks in China 2014-2021, Portfolio investments of large state-owned commercial banks in China 2014-2021, Central bank borrowings of large state-owned commercial banks in China 2014-2021, Quarterly NPL stock of the banking sector in China 2016-2021, Ratio of non-performing loans (NPL) in China's whole banking system 2010-2021, Quarterly special mention loan stock of the banking sector in China 2016-2021, Quarterly capital adequacy ratio of commercial banks in China Q1 2018-Q4 2021, Quarterly banking industry climate index in China Q2 2017-Q2 2022, Annual number of online banking transactions in China 2016-2020, Value of mobile banking transactions in China Q1 2021-Q1 2022, Number of online payment users in China 2011-2022, Online banking penetration forecast in China 2010-2025, Monthly active users of leading banking apps in China 2021, Monthly amount of fines imposed on banking institutions in China 2021, Quarterly number of fines on banking institutions in China 2021, Quarterly value of fines on banking institutions in China 2021, by recipient, Distribution of value of fines on banking institutions in China 2021, Operating income of the Industrial and Commercial Bank of China 2011-2021, Operating income of China Construction Bank 2010-2021, Operating income of the Agricultural Bank of China 2010-2021, Operating income of the Bank of China 2010-2021, China's reserve position in the IMF 2019-2022, Monthly value of China's SDRs by the IMF 2019-2022, Bank of Russia foreign exchange and gold assets share 2021-2022, by type, Value of currency in money stock (M1) in the U.S. 2000-2018, Official reserve assets - United States 2000-2021, U.S. official reserve assets held in gold 2000-2021, Foreign exchange reserves in Taiwan 2010-2021, Value of currency in circulation Malaysia 2012-2020, Monthly value of foreign currency purchases by Russian government 2018-2020, Leading countries worldwide, by value of foreign currency reserves 2020, Monthly gross international reserves of Tunisia 2020-2021, International reserves value in Russia 2013-2021, by type, Value of foreign exchange reserves UAE 2015-2019, International reserves in Russia monthly 2021-2022, Chinese yuan CNY acceptance for cross-border trade 2015, by country, Share of businesses anticipating CNY cross-border business growth Greater China 2015, Industry revenue of manufacture of computer, electronic, optical products in Germany 2012-2025. China's foreign exchange reserves from 2008 to 2021 (in billion U.S. dollars) [Graph]. That's a key level to watch. The amount marked an . debt. China has the highest foreign currency reserve in U.S. dollars. The countrys foreign exchange reserves - the worlds largest - rose $23.47 billion to $3.052 trillion last month, compared with $3.018 trillion tipped in a Reuters poll of analysts and $3.029 trillion in September. Shares fell below $200 Monday. The result was higher than the $3.039 trillion expected by economists polled by The Wall Street Journal. "China's foreign exchange reserves from 2008 to 2021 (in billion U.S. : From, Omnibus Foreign Trade and Competitiveness Act, National Defense Authorization Act for Fiscal Year 2012, List of countries by foreign-exchange reserves, State Administration of Foreign Exchange's website, "Chinas dwindling forex reserves raise worries", "Treasury Designates China as a Currency Manipulator", "Trump pressured Mnuchin to label China 'currency manipulator', a move he had previously resisted", "China Reserves Fall in July as PBOC Steadies Yuan Amid Outflows", "Chinas large forex reserves constitute both a blessing and a curse", "How much of China's foreign exchange reserves are in US dollars? The country's hoard of foreign exchange was $3.052 trillion, up $23.5 billion from September, the People's Bank of China said. ET. [13], In July 2021, China held US$1,068.3 billion of US government debt, 14% of the total foreign holdings of US government debt, a decrease of 0.5% since July 2020. However, in the . It cannot be forced into default. The administration also for the first time disclosed the currency composition of the country's foreign exchange reserves in the annual report. Most reserves are held in U.S. dollars, the global currency. By Renju Jaya | Published: 11/7/2022 7:57 AM ET. After all, it raises serious questions about whether China will keep lending Washington money to help finance the federal deficit in the future. Central banks manage over $12 trillion in foreign exchange reserves, influencing global exchange rates and asset prices. Of all the countries in the world, China had, by far, the largest international reserves in 2022, with 3.46 trillion USD in reserves and foreign currency liquidity. China's foreign exchange reserves rose to 3.0524 trillion U.S. dollars at the end of October, up 23.5 billion U.S. dollars, or 0.77 percent from the end of September, data from the State . [19][20][21][22] Critics of the "excessive" amount of US debt held by China acknowledge that the "biggest effect of a broad-scale dump of US Treasuries by China would be that China would actually export fewer goods to the United States. Copyright 2022 MarketWatch, Inc. All rights reserved. China's foreign exchange (FX) reserves have witnessed considerable accumulation. China's foreign exchange reserve hitting $3.2176 trillion, up 0.53% As of the end of October 2021, China's foreign exchange reserve stood at $3.2176 trillion, a month-on-month increase. . Industry revenue of manufacture of computer, electronic, optical products in Germany 201 Digital payment market in the United States, China's foreign exchange reserves from 2008 to 2021 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. IMF Data The composition of foreign-exchange reserves is a state . statistic alerts) please log in with your personal account. See here for a complete list of exchanges and delays. (February 28, 2022). China's foreign-exchange reserves increased more than expected in October, data released Monday by the central bank showed. The volume went up 0.77 percent from the end of September, according to the State Administration of Foreign Exchange. Nov. 7, 2022 at 3:23 a.m. Use Ask Statista Research Service, Market capitalization of banking sector worldwide 2016-2022, Revenue of wholesale banking industry globally 2016-2021, Leading banks in China 2022, based on total assets. Tyson Foods CFO arrested for public intoxication after falling asleep inside strangers house, Stocks are trading exactly where they were 5 months ago, which could mean theyre poised for more gains, one analyst says, How we got to the highest inflation in 40 years, No, at $1.9 billion the Powerball still isnt a great deal. Accessed November 07, 2022. https://www.statista.com/statistics/278206/foreign-exchange-reserves-of-china/. Ever wondered why most Caribbean countries don't have stable governments In other words, the current size of China's foreign exchange reserves is 170.0% to 177.8% of the IMF's standard levels. 2) These provide cushion from economic crisis and changes in the exchange rate. All quotes delayed a minimum of 15 minutes. Foreign exchange reserves generated an A complete, noise free premium China financial news service solution for professionals. Though the exact composition of foreign reserves in China is confidential, it is thought that dollar-denominated assetsespecially U.S. Treasury bills, agency bonds and corporate bondsare its main component. The yuan fell 2.5% against the dollar in October, while the dollar fell 0.6% in October against a basket of other major currencies. According to the Reserve Bank of India RBI Data, India's foreign exchange (Forex) reserves increased by $3.074 billion in the week ended June 11. : From, "The US, as a sovereign currency issuer, faces no financial constraint. Explained: Why India's forex reserves are rising, what this means for the economy Forex reserves are external assets, in the form of gold, SDRs (special drawing rights of the IMF) and foreign currency assets (capital inflows to the capital markets, FDI and external commercial borrowings) accumulated by India and controlled by the Reserve Bank of India. You need a Statista Account for unlimited access. After the financial crisis in 1990s, many emerging economies learned a painful lesson, i.e. BEIJING, Nov. 7 (Xinhua) -- China's foreign exchange reserves rose to 3.0524 trillion U.S. dollars at the end of October, up 23.5 billion U.S. dollars from a month earlier, official data showed on Monday. China's foreign exchange reserves reached $ 3.17 trillion in 2019, while Japan had $1.3 trillion. [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. Chinas foreign exchange reserves dropped $197.74 billion in the first 10 months of 2022, official data showed. The country's foreign exchange reserves - the world's largest - rose $23.47 billion to $3.052 trillion last month, compared with $3.018 trillion tipped in a Reuters poll of analysts and $3.029 . 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Foreign exchange reserves increased by $23.5 billion from last month to $3.052 trillion in October. International Finance and Composition. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. China will keep the yuan stable and increase flexibility of the currency, Yi Gang, governor of the Peoples Bank of China (PBOC), said last week. China's foreign-exchange reserves fell for a second straight month in September amid U.S. dollar strength. People's Bank of China. However, in the month of September, China's forex reserves went down by a substantial margin of $31.5 billion down to $3.2006 trillion. Is it a risk for America that China holds over $1 trillion in U.S. debt? 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 ). 2022-10-31. Although China does not report to the COFER database, many analysts have assumed that China invests its reserves in . With this leap, the forex reserves have reached an all-time high of $608.081 billion, on June 18, 2021. 2009 data refer to first 3 quarters. The economies for which we have the data of currency shares in FX reserves account for 51.4% of the world GDP ( Table 2 ). The United States has designated China a currency manipulator under the 1988 Omnibus Foreign Trade and Competitiveness Act, as engaging in unfair currency practices that gives it a trade advantage. 1 About 60 percent of Chinese foreign exchange reserves are believed to be held in dollar-denominated assetsmostly U.S. Treasury securities but also many agency and . This statistic is not included in your account. Please create an employee account to be able to mark statistics as favorites. Over the past years, the forex reserved had remained relatively stable. Late last month, the State Administration of Foreign Exchange, or SAFE, China's forex regulator, said the country's foreign exchange reserves held in US dollars accounted for 58 percent of the total by the end of 2014, down from 79 percent in 1995. The official IMF data for the yuan has been compiled since 2017, and its share of the world's foreign exchange reserves is about 2% (But its absolute amount has roughly tripled, from 90 billion US dollar in 2017 to 244 billion US dollar in 2020). Learn more about how Statista can support your business. China held 62.64 million fine troy ounces of gold at the end of October, unchanged . Are you interested in testing our corporate solutions? All quotes delayed a minimum of 15 minutes. ABSTRACT. Chart. China forex reserves composition. China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world. To use individual functions (e.g., mark statistics as favourites, set China forex reserves composition. February 28, 2022. China's forex reserves strategy to be 'dynamically optimised' amid uncertain external conditions From November to December, China's foreign exchange reserves rose by 1.23 per cent, or. China forex reserves composition. During the entire purchase and redemption process, the dollars never leave the Fed." Foreign assets comprise assets that are not denominated in the domestic currency of the country. 7. By far, China is the country with the largest foreign exchange reserves, much larger than Japan, the country with the second-largest foreign exchange reserves. The yuan fell 2.5% against the dollar in October, while the dollar fell 0.6% in October against a basket of other major currencies. China's foreign exchange reserves stood at $3.12 .