1月末外储规模 环比上升1.23%

Core Viewpoint - As of the end of January 2026, China's foreign exchange reserves reached $339.91 billion, an increase of $41.2 billion from December 2025, marking a rise of 1.23% [1][4]. Group 1: Foreign Exchange Reserves - China's foreign exchange reserves have increased for six consecutive months, with the growth rate reaching the highest level since January 2024 [2][5]. - The decline of the US dollar index, which fell 1.4% to 97.0, and the overall rise in global financial asset prices contributed to the increase in reserves [2][5]. - The current foreign exchange reserves are above $3.3 trillion, the highest since December 2015, supported by the significant drop in the dollar index and rising global stock indices [6]. Group 2: Economic Stability - The stability of China's economy and its resilience have provided support for maintaining a stable level of foreign exchange reserves [6]. - The current reserves are considered adequately sufficient, which can help maintain the RMB exchange rate at a reasonable equilibrium and act as a buffer against potential external shocks [6]. Group 3: Diversification of International Reserves - As of the end of January 2026, China's gold reserves stood at 74.19 million ounces, with an increase of 40,000 ounces, marking the 15th consecutive month of gold accumulation by the People's Bank of China [7]. - The strategy of diversifying international reserves and dynamically adjusting gold reserves is expected to continue, enhancing the credibility of the sovereign currency and supporting the cautious internationalization of the RMB [7].