Abstract: in January, China's foreign exchange reserve assets decreased by different valuation methods, mainly due to valuation factors such as the rise of the US dollar, the sharp rise in the yield of overseas bonds such as US bonds and the decline in the price of gold.
The stability of foreign exchange reserves and international reserve assets is a solid foundation for the stability of a country's exchange rate. At the 2022 National Conference on foreign exchange management recently held by the State Administration of foreign exchange, it was proposed that the foreign exchange reserves will remain at the level of US $3.2 trillion next year. Although there are some uncertain and adverse factors for the stability of exchange rate this year, it is generally controllable, The RMB still has the conditions to maintain two-way floating at a reasonable and balanced level.
