February China's foreign reserves return to $3.4 trillion, with a slight increase in gold holdings by 30,000 ounces

WealthCoffee · 2026-03-07T08:11:39+00:00

As of February 2026, China's foreign exchange reserves have rebounded to $3.4 trillion, an increase of $28.7 billion since January, primarily due to exchange rate and asset price fluctuations. At the same time, China has also increased its gold holdings by 30,000 ounces.

WealthCoffee

2026-03-07 08:11:39

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[Caixin] Influenced by exchange rates and other factors, China’s foreign exchange reserves have rebounded to $3.4 trillion, while continuing to modestly increase gold holdings by 30,000 ounces.

On March 7, the State Administration of Foreign Exchange released the latest official reserve data, showing that as of the end of February 2026, China’s foreign exchange reserves totaled $3.4278 trillion, up $28.7 billion from the end of January, a 0.85% increase.

The FX bureau explained that the increase in foreign exchange reserves for the month was mainly due to “the combined effects of exchange rate conversions and asset price changes.”

Since foreign exchange reserves are valued in U.S. dollars, a decline in the dollar results in an increase in the converted reserve data. In February 2026, the dollar initially fell then rebounded, fluctuating around 96 to 97. Overall, the dollar index appreciated slightly by 0.5% that month but did not return to the 100 mark.

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