China’s Foreign-Exchange Reserves Rise to $3.4052 Trillion

What changed

China’s foreign-exchange reserves rose to $3.4052 trillion at the end of October 2026, up $4.9 billion, or 0.14%, from September.

The State Administration of Foreign Exchange said the increase reflected exchange-rate conversion and changes in asset prices. The dollar index rose during the month, while major global financial assets moved unevenly.

Why it matters

The headline is stability, not a dramatic shift. China’s reserve stock barely moved even as currency markets and other major assets pulled in different directions.

That makes the monthly gain a narrow signal. It shows the reported value of China’s reserves held steady through October’s market movements, but it does not reveal how much came from valuation changes versus actual transactions. Nor does it show what assets make up the reserves or where the balance goes next.