AI Data Insight
The latest data shows that China's official reserve assets for the fourth quarter of 2025 shifted to a decrease of 40.025 billion RMB, ending the strong momentum of an 83.942 billion increase in the previous quarter. Against the backdrop of the current account maintaining a historic surplus of over 1.7 trillion RMB, the decrease rather than increase in reserves highlights enterprises' sluggish willingness to settle foreign exchange and strong private capital outflow pressure. The market expects that driven by geopolitical and interest rate spread factors, this cross-border capital flow pattern of "one surplus, one deficit" will continue in the short to medium term.