The foreign exchange reserves have been stable at 3.3 trillion US dollars for three consecutive months. The future direction is still to increase holdings of gold.

China's foreign exchange reserves continue to increase, extending the upward trend of the previous two months. On November 7, statistics released by the State Administration of Foreign Exchange showed that as of the end of October 2025, China's foreign exchange reserves stood at $3.343 trillion, an increase of $4.7 billion from the end of September, representing a growth of 0.14%. It is worth noting that at the end of October, China's foreign exchange reserves had increased for three consecutive months to over $3.3 trillion, a significant increase of $140.99 billion compared to the end of the previous year. Guantao, Chief Economist of China International Capital Corporation, believes that this is influenced by factors such as the monetary policy and expectations of major economies, macroeconomic data, the strengthening of the US dollar index, the overall decline in non-US dollar currencies, and the positive valuation effect brought by the overall rise in global financial asset prices. During the month, the US dollar index oscillated upwards, cumulatively rising by 2.1% to 99.8, reaching a new high since August. At the same time, central bank data showed that as of the end of October, gold reserves were 74.09 million ounces, an increase of 30,000 ounces from the end of the previous month.