China: Forex Reserves Highest Since 2015.

China’s foreign exchange reserves climbed by USD 31.7 billion to USD 3.442 trillion in May 2026, marking a 0.93% rise from USD 3.411 trillion in April and reaching their highest level since October 2015. The increase came as the greenback regained broader momentum. The yuan rose 0.95% against the U.S. dollar last month, while the dollar strengthened 0.85% against a basket of major currencies. Meanwhile, the People’s Bank of China continued to add to its gold holdings for the 19th consecutive month, with reserves rising slightly to 74.96 million fine troy ounces in May from 74.64 million in April. However, the value of these holdings declined slightly to USD 340.07 billion, down from USD 344.17 billion a month earlier.