Briefly

Forex reserves above $3.2 trln for 16 months

China's foreign exchange reserves have remained higher than $3.2 trillion for 16 straight months, official data showed on Monday. These reserves amounted to $3.2407 trillion at the end of March 2025, up by $13.4 billion, a 0.42 percent rise, from the previous month, according to the State Administration of Foreign Exchange.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 91 pips to 7.1980 against the US dollar on Monday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Xinhua - China Daily