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china's foreign exchange reserves have increased for two consecutive months, and its gold reserves have remained unchanged for four consecutive months.

data released by the state administration of foreign exchange on september 7 showed that as of the end of august 2024, my country's foreign exchange reserves were us$3,288.215 billion, a significant increase of us$31.843 billion from us$3,256.372 billion at the end of july, an increase of 0.98%.

the state administration of foreign exchange said that in august 2024, the us dollar index fell and global financial asset prices generally rose due to factors such as macroeconomic data and monetary policy expectations of major economies. due to the combined effects of factors such as exchange rate conversion and asset price changes, the scale of foreign exchange reserves increased that month. my country's stable economic operation and long-term positive development trend will not change, providing support for the continued basic stability of the scale of foreign exchange reserves.

this is the second consecutive month of significant increase in foreign exchange reserves, with foreign exchange reserves increasing by us$34.014 billion in july.

the rmb exchange rate appreciated significantly in august. the spot exchange rate of rmb against the us dollar rebounded from 7.2261 to 7.0881, a surge of 1,380 basis points, and a monthly appreciation of 1.9%.

at the "promoting high-quality development" series of press conferences held by the state council information office on september 5, the state administration of foreign exchange stated that the management of foreign exchange reserves with chinese characteristics has become more sound. in recent years, the scale of my country's foreign exchange reserves has remained above 3 trillion us dollars, ranking first in the world for 19 consecutive years, making positive contributions to stabilizing market confidence and serving the development of the real economy. improve the management of foreign exchange reserves with chinese characteristics to ensure the safety, liquidity and value preservation and appreciation of reserve assets.

in terms of gold reserves, the people's bank of china has suspended increasing its gold holdings for four consecutive months.

the gold reserve data released by the people's bank of china on september 7 showed that the gold reserves at the end of august were 72.8 million ounces, the same as at the end of april, the end of may, june and the end of july. previously, the chinese central bank had increased its gold holdings for 18 consecutive months.