As of the end of April, the foreign exchange reserve is expected to be 309.15 billion US dollars

As of the end of April, the foreign exchange reserve is expected to be 309.15 billion US dollars
Sauna Night News is said to be the WeChat public account of the State Administration of Foreign Exchange. Today, the State Administration of Foreign Exchange reported that the chief economist Wang Chunying answered questions from reporters about the changes in the scale of foreign exchange reserves in April 2020.Q: The State Administration of Foreign Exchange has just released the latest foreign exchange reserve scale data.What is the reason for the change in the size of foreign exchange reserves in April 2020?What is the future trend of foreign exchange reserves?A: As of the end of April 2020, the scale of foreign exchange reserves is expected to be 309.15 billion US dollars, an increase of 30.8 billion US dollars from the end of March, an increase of 1%.Since the beginning of this year, in response to the severe test brought about by the new coronary pneumonia epidemic, response measures have been taken. The national epidemic prevention and control has made important and periodic progress, and the economic and social pattern has rapidly recovered.The supply and demand in the domestic foreign exchange market are basically balanced, and the market players behave rationally and orderly.In April, in response to the continued spread of the new coronary pneumonia epidemic, major countries increased their monetary and fiscal stimulus policies, and investor confidence has recovered.Affected by this, the dollar index fluctuated slightly in the international financial market, and the asset prices of major countries increased.The combined effect of factors such as exchange rate conversion and asset price changes, the scale of foreign exchange reserves rose slightly in the month.At present, the epidemic is still in the stage of global pandemic, and the international economic and financial indicators are still complicated and severe.The regional epidemic situation has been effectively controlled, prevention and control work has become normal, and long-term economic development has tremendous potential, potential and room for maneuver. The fundamentals of the long-term economic improvement will not change, and it will continue to provide support for the overall stability of foreign exchange reserves.Editor Yang Li Source: State Administration of Foreign Exchange WeChat public account