China News Service, May 7 According to the website of the State Administration of Foreign Exchange on the 7th, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, answered reporters' questions on the changes in the scale of foreign exchange reserves in April 2021.
Wang Chunying introduced that as of the end of April 2021, my country's foreign exchange reserves amounted to US$31982 billion, an increase of US$28.2 billion or 0.89% from the end of March.
Data map: Bank staff count currency.
Photo by China News Agency reporter Zhang Yun
A reporter asked that the State Administration of Foreign Exchange had just released the latest data on the scale of foreign exchange reserves.
May I ask what caused the change in the scale of foreign exchange reserves in April 2021?
What is the future trend of the scale of foreign exchange reserves?
Wang Chunying said that as of the end of April 2021, my country's foreign exchange reserves amounted to 31982 billion U.S. dollars, an increase of 28.2 billion U.S. dollars or 0.89% from the end of March.
Wang Chunying pointed out that in April 2021, foreign exchange receipts and payments transactions will be stable and orderly, and the foreign exchange market will maintain a basic balance of supply and demand.
In the international financial market, affected by factors such as the new crown pneumonia epidemic and vaccine progress, monetary policy expectations of major countries, and macroeconomic data, non-US dollar currencies have risen relative to the US dollar, and the prices of major countries’ financial assets have generally risen.
Foreign exchange reserves are denominated in U.S. dollars, exchange rate conversion and asset price changes and other factors have combined effects, and the scale of foreign exchange reserves increased during the month.
Wang Chunying said that the current new crown pneumonia epidemic is still spreading abroad, the global economic recovery is still unstable and uneven, and the international financial market still faces many uncertainties.
However, since the beginning of this year, my country’s economic operation has started well, high-quality development has achieved new results, and the flexibility of the RMB exchange rate has continued to increase, which is conducive to maintaining the basic stability of foreign exchange reserves.