China's foreign exchange reserve data for May was released recently. It is reported that by the end of May, China's foreign exchange reserves totaled 1.797 trillion US dollars. Among them, the monthly growth was 40.3 billion US dollars, less than the record increase of nearly 75 billion US dollars in April. During the growth in May, the trade surplus increased by $20.2/kloc-0.0 billion, foreign direct investment increased by $7.76 billion, and foreign exchange reserves increased by about $/kloc-0.0 billion.

Combination:

Mainly foreign debts denominated in dollars, followed by a small amount of euros, yen, gold reserves and so on.

The specific data is a state secret.

Source:

Mainly due to export earnings.

Because the domestic current account is liberalized

But the capital account has not been liberalized.

Export enterprises must sell this part of foreign exchange to the People's Bank of China.

With the consolidation of China's position as a world factory.

In this way, China's foreign exchange reserves are increasing.

Status:

At present, the scale is too large, and a large amount of funds are not well operated.

An investment company was established for this purpose.

The investment in Blackstone lost more than 10 billion dollars.

Management is also very chaotic.

It seems that a foreign exchange administrator manages tens of billions of dollars by himself.

In this way, the management risk of foreign exchange is higher.

Suggestions for improvement:

1, study more flexible foreign exchange management mechanism.

2. Actively allocate foreign exchange assets to avoid the exchange rate risk of a single foreign exchange reserve.

3. Use foreign exchange rationally, actively invest in foreign assets, and avoid excessive foreign exchange holding costs.