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China's foreign exchange reserves are held by People's Bank of China, China's central bank. [3] The total of the reserves is regularly announced by the central bank. In December 2024, China's reserves totalled US $3.202 trillion, which is the highest foreign exchange reserves of any country [4]
Then In 2014, reserves peaked at around $4 trillion, solidifying China's status as the largest holder of foreign exchange reserves globally. Around 2015–2016, The reserves started to decline due to capital outflows, falling below $3 trillion by early 2017.
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign-exchange reserves, which at the end of December 2016 stood at $3.01 trillion for the People's Bank of China.
China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management. In March 2025 the fund had US$ 1.33 trillion in assets under management. [4]
China has the second-largest financial assets in the world, valued at $17.9 trillion as of 2021. [48] China was the largest recipient of foreign direct investment (FDI) in the world as of 2020, receiving inflows of $163 billion. [49] but more recently, inbound FDI has fallen sharply to negative levels.
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.
WASHINGTON (Reuters) -A former senior adviser to the U.S. Federal Reserve, John Harold Rogers, was arrested on charges he conspired to steal Fed trade secrets for the benefit of China, the Justice ...
China's sovereign funds also use state assets like foreign exchange reserves which are converted to riskier but potentially more profitable capital in the hands of the fund. [ 1 ] : 7 China's sovereign funds have contributed capital to policy-oriented state financing institutions including the China Development Bank , the Silk Road Fund , and ...