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China's Forex Reserves Rose in April

05/07/2021 | 02:36am EDT

BEIJING--China's foreign-exchange reserves rose as expected in April, thanks to a larger trade surplus and likely capital inflows attracted by the country's bond and stock markets.

The People's Bank of China said Friday that the nation's hoard of foreign-exchange reserves stood at $3.198 trillion at the end of April, up from $3.17 trillion at the end of March.

The result was in line with reserves of $3.2 trillion expected by economists polled earlier by The Wall Street Journal.

Write to Singapore Editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

05-07-21 0436ET

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LIMITED 0.35% 2.83 End-of-day quote.6.79%
DJ INDUSTRIAL 0.04% 34479.6 Delayed Quote.12.61%
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