China’s foreign exchange reserves rose to $3.438 trillion in August 2026, up from $3.419 trillion a month earlier and above market expectations of $3.43 trillion. The increase came as the yuan strengthened 0.5% against the US dollar, while the greenback weakened 0.4% against a basket of major currencies. Meanwhile, the People’s Bank of China extended its gold-buying streak to a 22nd consecutive month, lifting its holdings to 76.73 million fine troy ounces from 76.08 million at the end of July. The value of China’s gold reserves rose to $350.08 billion at the end of August, from $306.35 billion a month earlier.