Pick up the year ｜ How big is China's foreign exchange reserve in recent years?Foreign Exchange Bureau: Maintain more than $ 3 trillion

Cover news reporter Teng Yan

A few days ago, the Central Propaganda Department launched the "China Ten Years of Ten Years · Series Theme Release". The column of the cover news "Picking the Year" will pay attention to the whole process, reporting to China's achievements and changes in the past decade.

On June 23, the Propaganda Department of the Central Committee of the Communist Party of China held a conference on the reform and development of the financial sector since the 18th National Congress of the Communist Party of China. Above, more than $ 3.1 trillion at the end of May this year, ranking first in the world for 17 consecutive years.

▲ Wang Chunying, deputy director and spokesman of the State Administration of Foreign Exchange (picture source: Guoxin.com)

Wang Chunying said that since the 18th National Congress of the Communist Party of China, in terms of reform and development and stability in the field of foreign exchange, the first is that the international revenue and expenditure are basically balanced and more stable. Specifically, the development of the internal and external economies of China is more balanced, and the ratio of frequent account surplus to the GDP has remained in a reasonable range. Cross -border trade and investment and financing are more active, the scale of cross -border revenue and expenditure has increased rapidly, and the elasticity of the RMB exchange rate has increased, which has better played the role of automatic stabilizer to regulate international revenue and expenditure.

Second, the opening of capital projects is steadily advanced, and the level of exchanges has been achieved. Specifically, direct investment has achieved basically exchanges. Cross -border financing is independently carried out by market entities under the macro -prudential management framework. Cross -border securities investment realizes multi -channel and multi -level two -way opening. The attraction of RMB assets has been significantly enhanced. Overseas investors have invested in China to invest more than $ 2 trillion, and the weight of the RMB in the International Monetary Fund's special withdrawal rights and currency baskets has further increased.

The third is that cross -border trade and investment and financing are more convenient, and the results of the reform of "decentralization of service" have achieved remarkable results. Specifically, the formalities of real -compliant regular project transactions have been fully guaranteed, and the procedures for capital projects such as cross -border investment and financing are constantly simplified. The progress of science and technology empowering digital external management is obvious, and the diverse foreign exchange needs of enterprises and individuals such as enterprises and individuals are better met.

Fourth, the foreign exchange market with unified openness, orderly competition, and effective supervision has continued to improve, creating good conditions for efficiently allocating foreign exchange resources and management exchange rate risks. There are more than 40 foreign exchange markets that can be traded. The transaction varieties cover the international mainstream foreign exchange trading products. Since the 18th National Congress of the Communist Party of China, the transaction volume has increased by 3 times. In 2021, the transaction volume reached US $ 3.69 trillion.

Fifth, foreign exchange reserves assets have achieved safety, flow, and value preservation and appreciation, and the management system of foreign exchange reserves with Chinese characteristics has been continuously improved. In recent years, the scale of foreign exchange reserves has remained above US $ 3 trillion. It has exceeded US $ 3.1 trillion at the end of May this year. It has ranked first in the world for 17 consecutive years. Essence

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