China Macroeconomics & Academia

Christopher Balding

Macroeconomics

<p>Foreign exchange reserves of the People’s Bank of China fell for the fourth consecutive month in October. The drop of 45.7 billion USD from September to October represents the largest month to month change in foreign reserves this year. Reserves now sit at $3.12 trillion USD, the lowest level since March 2011. Capital outflows, a rising USD and non-USD reserves valuation help explain the ongoing decline in Chinese foreign exchange reserves.</p><p>Capital outflows remained substantial in September…</p>

Foreign exchange reserves of the People’s Bank of China fell for the fourth consecutive month in October. The drop of 45.7 billion USD from September to October represents the largest month to month change in foreign reserves this year. Reserves now sit at $3.12 trillion USD, the lowest level since March 2011. Capital outflows, a rising USD and non-USD reserves valuation help explain the ongoing decline in Chinese foreign exchange reserves.Capital outflows remained substantial in September…

Haitong Securities Co Ltd (A) (600837 CH)

Chongqing Rural Commercial Bank (3618 HK)

Shanghai Pudong Development Bank Co. (600000 CH)

China International Capital Corporation (3908 HK)

China Financial Services Holdings (2980 HK)

China Merchants Securities Co Ltd (A) (600999 CH)

China Pacific Insurance (Group) Co., (601601 CH)

Flying Financial Service Holdings (8030 HK)

China Huirong Financial Holdings (1290 HK)

Changjiang Securities Company (000783 CH)

China Merchants Securities Co Ltd (H) (6099 HK)

Shanghai Stock Exchange Composite Index (SHCOMP INDEX)

Chinese FX Reserve Update for October