China SAFE: FX reserves expected to remain overall stable in 2019

The State Administration of Foreign Exchange (SAFE), China’s fx regulator, reported the key comments following the release of China’s fx reserves data for the month of December.  

Key Headlines:

FX reserves expected to remain overall stable in 2019.

Non-dollar currencies' appreciation and major countries' bond price increase contributed to FX reserves gain in December.

Earlier today, the PBOC released the country’s fx reserves that stood at $3.073 trillion at the end of December 2018.