China’s foreign exchange reserves rose by USD 28.7 billion to USD 3.428 trillion in February 2026 from USD 3.399 trillion in the previous month. The increase marked the seventh consecutive monthly gain and lifted reserves to their highest level since November 2015, supported by the Chinese yuan’s stronger performance against the U.S. dollar in recent weeks and valuation effects on non-dollar assets. Meanwhile, the People’s Bank of China continued to add to its gold holdings, extending its buying streak to a 16th straight month as the global gold rally persisted into February. The central bank’s gold reserves edged up to 74.22 million fine troy ounces by the end of the month, from 74.19 million ounces in January. In value terms, China’s gold reserves rose sharply to USD 387.59 billion at the end of February, compared with USD 369.58 billion a month earlier, largely reflecting higher global gold prices.

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