As of the end of November, my country's foreign exchange reserves are 3222.4 billion U.S. dollars

　　China News Service, December 7th. According to the website of the State Administration of Foreign Exchange, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, introduced on the 7th that as of the end of November 2021, my country’s foreign exchange reserves amounted to 322.4 billion U.S. dollars, an increase from the end of October. 4.8 billion US dollars, an increase of 0.15%.

　　A reporter asked: The State Administration of Foreign Exchange has 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 November 2021?

What is the future trend of the scale of foreign exchange reserves?

　　According to Wang Chunying, as of the end of November 2021, my country's foreign exchange reserves were 3222.4 billion U.S. dollars, an increase of 4.8 billion U.S. dollars or 0.15% from the end of October.

　　In November 2021, foreign exchange market transactions remained active, and cross-border capital flows were generally stable.

In the international financial market, affected by factors such as the progress of the new crown pneumonia epidemic and the monetary policy expectations of major countries, the US dollar index has risen, and the bond prices of major countries have generally risen.

Foreign exchange reserves are denominated in U.S. dollars. Under the combined effect of exchange rate conversion and asset price changes, the scale of foreign exchange reserves increased during the month.

　　Wang Chunying said that the current new crown pneumonia epidemic is still fluctuating around the world, the world economic recovery is facing more uncertain and unstable factors, and the international financial market is volatile.

However, my country has scientifically coordinated epidemic prevention and control and economic and social development, and economic operations have generally recovered steadily and continuously, which is conducive to maintaining overall stability in the scale of foreign exchange reserves.