State Administration of Foreign Exchange reports $26 billion decline in China’s FX reserves in July
Question
State Administration of Foreign Exchange reports $26 billion decline in China’s FX reserves in July
Direct answer
The July FX reserve drop may reinforce expectations of intermittent PBOC FX operations, supporting USD/CNH above 7.40 and affecting demand for long CNH government bonds (CGB 10y) as markets reassess China’s external buffer and exchange-rate policy stance.
- Original publisher
- Market Ontology
- Evidence through
- 2026-08-04
- Published
- 2026-10-20
- Revision
- 1 · 2026-10-20
Cite as: Market Ontology, “State Administration of Foreign Exchange reports $26 billion decline in China’s FX reserves in July”, revision 1, evidence through 2026-08-04. https://marketontology.com/market-events/2026-08-04/state-administration-of-foreign-exchange-reports-26-billion-decline-in-china-s-f-bccd5d
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