连续7个月增长，2月外储规模环比上升0.85%

Core Viewpoint - China's foreign exchange reserves continue to increase, reaching $34,278 billion by the end of February 2026, marking a rise of $287 billion or 0.85% from the end of January 2026 [3]. Group 1: Foreign Exchange Reserves - The foreign exchange reserves have increased for the seventh consecutive month, influenced by monetary policies and macroeconomic data from major economies, leading to positive valuation effects from exchange rate adjustments and asset price changes [3]. - The rise in reserves is attributed to heightened risk aversion among global investors due to escalating geopolitical tensions, particularly between the US and Iran, prompting a shift of funds from risk assets to US Treasury bonds and the US dollar [3]. Group 2: Economic Outlook - The 2026 Government Work Report emphasizes the commitment to "further expand high-level opening up," reflecting confidence in using openness to promote reform [3]. - China's chief economist at China Minsheng Bank, Wen Bin, believes that under strong national strategic support, exports will continue to play a stabilizing role in cross-border capital flows, aided by diversified trade partnerships and optimized export structures [4]. - The long-term investment willingness of foreign investors in RMB assets is expected to continue increasing, with stable net inflows in securities investment and foreign direct investment [4].