Increase 1.07%!At the end of July, China's foreign storage scale increased by 32.8 billion US dollars month -on -month

On August 7, the State Administration of Foreign Exchange released data showed that as of the end of July 2022, my country's foreign exchange reserve scale was US $ 310.41 billion, an increase of 32.8 billion US dollars from the end of June, an increase of 1.07%.

Wang Chunying, deputy director and spokesman of the State Administration of Foreign Exchange, said that in July 2022, my country's foreign exchange market was generally stable, and domestic foreign exchange supply and demand was basically balanced.

"The current global economic situation is full of challenges, unstable and uncertain factors have increased significantly, and the international financial market has great volatility. The fundamentals will not be changed, and the scale of foreign exchange reserves will continue to maintain the overall stability. "Wang Chunying said.

The scale of foreign reservoir at the end of July increased month -on -month

"Daily Economic News" reporter noticed that the foreign reserves were rising in July after the foreign reserves were reduced in June.

Data show that as of the end of June 2022, the scale of foreign exchange reserves in my country was US $ 3071.3 billion, a decrease of US $ 56.5 billion from the end of May, a decrease of 1.81%; as of the end of July 2022, the scale of foreign exchange reserves in my country was US $ 310.41 billion, an increase from the end of June, an increase from the end of June $ 32.8 billion, an increase of 1.07%.

Talking about the reasons for the rise of foreign reserves in July, Wang Chunying said that in the international financial market, affected by factors such as monetary policy, economic growth prospects and inflation expectations in major countries, the US dollar index rose, and the global major financial asset prices rose overall. Factors such as exchange rate converts and asset price changes have comprehensive effects, and the scale of foreign exchange reserves in the month has increased.

Wen Bin, chief economist of Minsheng Bank, believes: "The main factors that affect my country's foreign exchange reserve fluctuations are still exchange rate factors and asset price changes."

From the perspective of exchange rate factor analysis, Wen Bin pointed out that the US dollar index was promoted by factors such as inflation expectations at the end of July and the Federal Reserve ’s interest rate hikes. Compared with the end of June, there was an increase. Among the non -dollar currencies, the euro and the pounds fell. The exchange rate factor leads to a small discount on the non -US dollar part of foreign exchange reserves.

"From the perspective of asset price factors, in July, due to the heating expectations of the global economic recession, the yield of bonds in major countries has declined and prices have risen; the global stock market rebounds from the early stage. The impact of the decline in the conversion of the exchange rate. "Wen Bin pointed out.

The size of the foreign reserves will remain overall stable

After eliminating the exchange rate and asset price factors, Wen Bin also believed that the foreign reserves caused by international revenue and expenditure increased slightly from the previous month, which showed that the foreign exchange market in my country was generally stable, the domestic foreign exchange supply and demand remained basically balanced, and the regular items of international revenue and expenditure and the regular items of revenue and expenditure and the frequent items of revenue and expenditure and the regular items of income and expenditure and the frequent items of income and expenditure and the frequent items of income and expenditure and the frequent items of income and expenditure and the frequent items of income and expenditure and the frequent items of income and expenditure and the frequent items of income and expenditure and the frequent items of income and expenditure. The probability of financial items is still "one -to -one inverse" state, and the surplus factor is slightly stronger than the deficit. It is expected that the import and export of goods trade in my country will still maintain a high scale in July, and the constant items will be promoted to maintain a surplus. Under the financial item, it is expected to keep the net inflow of direct investment, and the scale of the net outflow of securities is expected to shrink.

Wen Bin believes that from the perspective of my country's international income and expenditure in the first half of this year, the basic projects such as current projects and direct investment have maintained a high surplus, laying the foundation for the stable exchange rate of the RMB exchange rate and the stable operation of the foreign exchange market. At present, the level of inflation in many countries in the world is high, the characteristics of "stagnation" of the economic "stagnation" appear, unstable and uncertain factors have increased significantly, and the international financial market fluctuations have increased. my country's efficient coordinating epidemic prevention and control and economic and social development. With the continuous emergence of various policy and measures, the economy of my country's economy will continue to maintain a good recovery, which is conducive to the overall stability of the scale of foreign exchange reserves in my country.

Wang Chunying pointed out that the current global economic situation is full of challenges, unstable and uncertain factors have increased significantly, and the international financial market has great volatility. However, my country's efficient coordinating epidemic prevention and control and economic and social development. It has strong economic toughness, great potential, and dynamic. The long -term good fundamentals will not change. It will continue to support the scale of foreign exchange reserves to maintain overall stability.

Daily Economic News

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