AI Data Insight
In the fourth quarter of 2025, the change in China's reserve position in the IMF was RMB 359 million, narrowing slightly from RMB 410 million in the previous quarter. From the perspective of the balance of payments, compared to the substantial expansion (negative values) in the first half of the year, the data in the second half of the year has shown slight positive values for two consecutive quarters, reflecting that official demand for increasing IMF positions has paused, and overall foreign exchange asset allocation has turned more diversified.