China FX reserves rise for fifth consecutive month
PBoC figures show $3.22 billion increase, resulting in fifth monthly reading above $3 trillion
China’s foreign exchange reserves rose for the fifth consecutive month in June, as stricter capital controls helped stem outflows from the country and a stable yuan encouraged foreign investors to pour more money into the mainland.
Figures published by the People’s Bank of China (PBoC) show FX reserves increased by $3.22 billion to $3.056 trillion at the end of June – up from $3.054 trillion in May and slightly below the market forecasts of $3.061 trillion expected by analysts.
June’s data
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