FX.co ★ China's Forex Reserves Rise Below Estimates

In November 2025, China’s foreign exchange reserves experienced an increase of USD 3.0 billion, reaching USD 3.346 trillion, up from October’s USD 3.343 trillion. This figure, although slightly below market expectations of USD 3.36 trillion, represents the fourth consecutive month of growth, achieving the highest reserve level since November 2015, largely due to a weaker US dollar. Concurrently, the People's Bank of China continued its year-long trend of expanding its gold reserves, which rose to 74.12 million fine troy ounces in November from 74.09 million in October. Consequently, the value of these gold reserves increased to USD 310.65 billion, compared to USD 297.21 billion the previous month.