According to the statistics of the State Administration of Foreign Exchange (SAFE), by the end of October 2022, China’s foreign exchange reserves stood at USD 3.0524 trillion, up by USD 23.5 billion, or 0.77%, from the end of September.

In October 2022, influenced by the monetary policy expectations, macroeconomic data, and other factors of major countries, the US dollar index fell slightly and the financial asset prices in the world were mixed. China’s foreign exchange reserves rose this month due to the combined effects of currency translation and asset price changes. The fundamentals of China's economy－strong resilience, ample potential, wide room for maneuver and long-term improvement－will not change, which will support the overall stability of the foreign exchange reserves.