# China surprises with higher foreign reserves from inflows | snaps | ING THINK

> China's foreign exchange reserves rose to $3.0617 trillion in November from $3.0531 trillion in October, which was above expectations. Bond and stock market inflows likely offset reserve use for yuan intervention. ING expects further inflows if investor confidence improves.

- Date: 2018-12-07 · published 2018-12-07T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/61797-china-surprises-with-higher-foreign-reserves-from-inflows-snaps-ing-think
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Rising reserves and capital inflows support the yuan and reduce pressure on Chinese importers, which can sustain demand for feed ingredients. The effect on commodity prices is indirect.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-07 | [Stronger yuan won’t dent China trade \| snaps \| ING THINK](https://feedsoft.ai/events/7108-stronger-yuan-won-t-dent-china-trade-snaps-ing-think.md) | +0.9% | +0.6% |
| USDCNY | 2024-07-22 | [Federal Reserve Board - Foreign Exchange Rates - H.10 - July 22, 2024](https://feedsoft.ai/events/29552-federal-reserve-board-foreign-exchange-rates-h-10-july-22-2024.md) | -0.3% | -1.4% |
| USDCNY | 2018-12-21 | [China sees stable forex market in November - CGTN](https://feedsoft.ai/events/61794-china-sees-stable-forex-market-in-november-cgtn.md) | -0.1% | -1.5% |
| USDCNY | 2020-10-13 | [The Fed - Foreign Exchange Rates - H.10 -  October 13, 2020](https://feedsoft.ai/events/50812-the-fed-foreign-exchange-rates-h-10-october-13-2020.md) | -0.2% | -1.0% |
| USDCNY | 2022-12-12 | [The Fed - Foreign Exchange Rates - H.10 - December 12, 2022](https://feedsoft.ai/events/38444-the-fed-foreign-exchange-rates-h-10-december-12-2022.md) | +0.2% | -2.6% |

## Sources

- think.ing.com: https://think.ing.com/snaps/china-surprisingly-higher-foreign-reserves-from-inflows/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.