Foreign Exchange Bureau: As of the end of April, China ’s foreign exchange reserves were 309.15 billion US dollars

　　China News Service, May 7 According to the State Administration of Foreign Exchange website, Wang Chunying, spokesperson and chief economist of the State Administration of Foreign Exchange, answered reporters' questions on the changes in the scale of foreign exchange reserves in April 2020. Wang Chunying introduced that as of the end of April 2020, China's foreign exchange reserves were 309.15 billion US dollars, an increase of 30.8 billion US dollars from the end of March, an increase of 1%. The supply and demand of China's foreign exchange market are basically balanced, and the market players behave rationally and orderly.

　　A reporter asked: The State Administration of Foreign Exchange has just released the latest foreign exchange reserve scale data. What is the reason for the change in the size of foreign exchange reserves in April 2020? What is the future trend of foreign exchange reserves?

　　Wang Chunying pointed out that since this year, in the face of the severe test brought about by the new coronary pneumonia epidemic, China has adopted strong response measures, the national epidemic prevention and control has achieved important results in stages, and the economic and social order has been restored quickly. The supply and demand of China's foreign exchange market are basically balanced, and the market players behave rationally and orderly. In April, in response to the continued spread of the new coronary pneumonia epidemic, major countries increased their monetary and fiscal stimulus policies, and investor confidence recovered. Affected by this, the dollar index fluctuated slightly in the international financial market, and the asset prices of major countries rose. The combination of factors such as exchange rate conversion and asset price changes, the scale of foreign exchange reserves rose slightly in the month.

　　Wang Chunying said that the current epidemic situation is still in the stage of global pandemic, and the international economic and financial situation is still complex and grim. The domestic epidemic situation has been effectively controlled, the prevention and control work has become normal, and China ’s economic development has great resilience, potential and room for maneuver. The fundamentals of the long-term economic improvement will not change, and it will continue to provide support for the overall stability of foreign exchange reserves.