A currency exchange counter in Qionghai, Hainan province. China holds the world’s largest forex reserves and is seeking better ways to safeguard those assets and to maximize investment returns. (MENG ZHONGDE / FOR CHINA DAILY)

BEIJING - China's foreign exchange (forex) market recorded transactions of 19.45 trillion yuan, equivalent to $3.06 trillion, in January, official data showed Friday.

Specifically, the transaction volume of the client market totaled 3.32 trillion yuan last month, while that of the interbank market was 16.13 trillion yuan, said the State Administration of Foreign Exchange.

In terms of products, the cumulative transaction volume of the spot market was 6.52 trillion yuan, and that of the derivatives market was 12.93 trillion yuan in January. 

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