China-Singapore Jingwei client, July 14th. According to data released by the People's Bank of China on the 14th, at the end of June 2020, the central bank's foreign exchange accounted for 21.174247 billion yuan, a decrease of 6.016 billion yuan from the previous month.
It is understood that the foreign exchange share refers to the domestic currency corresponding to the acquisition of foreign exchange assets by the central bank of the recipient country. The central bank's foreign exchange share is reflected in the central bank's balance sheet.
According to the data released by the State Administration of Foreign Exchange on July 7, as of the end of June 2020, China's foreign exchange reserves amounted to US$31,123.28 billion, an increase of US$10.636 billion from the end of May, an increase of 0.34%, and a rebound for three consecutive months.
Wang Chunying, deputy director of the State Administration of Foreign Exchange and press spokesman, explained that in June, the overall supply and demand of my country's foreign exchange market remained balanced. Affected by factors such as the global epidemic of new pneumonia, the currency and fiscal stimulus policies of major countries, the dollar index in the international financial market fell slightly, and the asset prices of major countries rose. Factors such as exchange rate conversion and changes in asset prices, the scale of foreign exchange reserves rose that month.
Wang Chunying pointed out that at present, the overseas epidemic situation and the world economic situation are severe and complicated, and the international financial market has increased volatility. my country has achieved major stage results in the overall planning of epidemic prevention and control and the resumption of production and production. Various economic indicators have marginally improved, and the economic situation is gradually changing to a better direction. Looking forward, my country will unswervingly deepen reforms and expand opening up, economic growth will remain resilient, and long-term fundamentals will remain unchanged, which will help maintain the overall stability of foreign exchange reserves. (Sino-Singapore Jingwei app)