Zhongxin Finance, June 7th. According to the website of the State Administration of Foreign Exchange on June 7th, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, introduced when answering a reporter's question on the changes in the scale of foreign exchange reserves in May 2022, as of May 2022. At the end of the month, my country's foreign exchange reserves amounted to US$3,127.8 billion, an increase of US$8.1 billion, or 0.26%, from the end of April.
In May 2022, my country's foreign exchange market will be generally stable, and domestic foreign exchange supply and demand will remain basically balanced.
In the international financial market, affected by the monetary policies and expectations of major countries, global economic growth prospects, geopolitical situation and other factors, the US dollar index fell slightly, and the prices of financial assets in major countries were mixed.
The foreign exchange reserves are denominated in the US dollar, and the amount of non-US dollar currencies converted into US dollars increases. This is due to the combined effect of factors such as changes in asset prices. The scale of foreign exchange reserves increased in the month.
Wang Chunying said that the current external environment is still complex and severe, the risks and challenges facing the global economy are increasing, and the international financial market still has great uncertainty.
However, my country has effectively coordinated epidemic prevention and control and economic and social development, and the fundamentals of the long-term economic growth have not changed, which will support the overall stability of the scale of foreign exchange reserves.
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