China’s foreign exchange reserves increased to $3.4278 trillion at the end of February 2026, up $28.7 billion, or 0.85 percent, from the end of January, according to official data.
The State Administration of Foreign Exchange (SAFE) attributed the rise to the combined impact of exchange rate movements and changes in global asset prices.
During February, the U.S. dollar index strengthened, while major global financial asset prices fluctuated amid evolving macroeconomic data, monetary policy adjustments, and shifting market expectations across leading economies.
SAFE noted that exchange rate conversions and asset valuation changes contributed positively to the growth in reserves during the month.
Officials also highlighted China’s steady economic performance and improving development quality. The country’s long-term growth fundamentals remain intact, providing strong support for maintaining overall stability in foreign exchange reserves.
Analysts view the moderate increase as a reflection of balanced capital flows and resilient macroeconomic conditions amid a complex global financial environment.
