Yesterday, the latest foreign exchange reserve scale data released by Bank of China showed that at the end of August, 2065438+2007, China's foreign exchange reserve scale was $309 1530 billion, an increase of $/kloc-0.08 billion or 0.4% compared with the end of July. This is the seventh consecutive month that China's foreign exchange reserves have rebounded. Since the beginning of this year, China's economy has improved steadily, its structural adjustment has deepened, its main indicators have been better than expected, and its macroeconomic stability has been enhanced. The international financial market is relatively stable, the situation of cross-border capital flows is stabilizing and improving, the supply and demand of the foreign exchange market tend to be basically balanced, and the RMB exchange rate remains basically stable.

Looking into the future, under the background of continuous supply-side structural reform, transformation and upgrading, and further acceleration of kinetic energy conversion, the positive factors supporting the economy to maintain medium and high-speed growth and move towards the middle and high-end level will continue to increase, and China's economy will continue to develop in depth. With the further deepening of financial system reform and the expansion of financial opening-up, the foundation for the overall stabilization of cross-border capital flows in China will be more solid in the future, which will further promote the reasonable and moderate scale of foreign exchange reserves.

Wen Bin, chief researcher of Minsheng Bank, commented yesterday that the appreciation of RMB against the US dollar was the main reason for the surge in foreign reserves in August. In the first half of this year, China's macro economy continued to improve. The leading economic indicator PMI has remained above 50% of the economic threshold for 65,438+03 months. The "new economic cycle" is coming, and the expectation of RMB appreciation against the US dollar is further strengthened. In August, the RMB appreciated by about 2% against the US dollar, which became the main factor affecting the increase of foreign exchange reserves. In July, due to the depreciation of the US dollar index by nearly 3%, the change in valuation was the main factor affecting the new foreign exchange reserves of US$ 23.93 billion in that month. As a result, it is expected that the deficit of bank settlement and sale of foreign exchange will further narrow in August, and the balance of foreign exchange will increase from decline. The improvement of the base currency will help keep the liquidity of the financial system stable.