The scale of foreign exchange reserves at the end of February this year fell 1.61%month -on -month.
The State Administration of Foreign Exchange announced on Tuesday (March 7) that the statistical data showed that as of the end of February 2023, the scale of Chinese foreign exchange reserves was US $ 3133.2 billion (below, approximately 4244.7 billion new new new.Yuan), a decrease of US $ 51.3 billion from the end of January, a decrease of 1.61%.
China Foreign Exchange said that in February, affected by factors such as global macroeconomic data and expected monetary policy of major economies, the US dollar index rose, and global financial asset prices fell.Under the comprehensive effect of exchange rate converts and asset price changes, the scale of foreign exchange reserves in the month decreased.
Wind data show that in February, the US dollar index raised 2.82%to 104.9; the Dow Jones Industrial Index fell 4.19%, the Nasdaq index fell 1.11%, and the S & P 500 stock index fell 2.61%.
Pang Yan, chief economist and director of the research department of Greater China, analyzes the securities daily analysis.The main reason for changes.
He said, from the perspective of trend, with the efforts of stable economic policies, the macroeconomic situation is clear, the international accounts and direct investment in China's frequent accounts and direct investment are stable.The smooth operation of the market provides solid support for the overall stability of the external reserves.
