China FX reserves end-Aug USD 3.19trln vs USD 3.20trln prev

Chinese fx reserves report now out from the PBOC 7 Sept 2016

  • end-Aug gold reserves $77.18bln vs $78.89bln end-July
  • gold reserves 58.95mln troy ounces vs 58.79 prev

Lowest reserves level since Dec 2011. Largest monthly fall since May 2016.

Record $4trln seen in June 2014

Continued evidence of the PBOC stepping in to support the yuan.

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