央行连续7个月增持黄金储备达7383万盎司 外汇储备连续5月增长

Core Insights - The People's Bank of China (PBOC) has increased its gold reserves to 73.83 million ounces as of the end of May, marking a continuous increase for the seventh consecutive month [1][3] - The increase of 60,000 ounces in May corresponds to approximately 1.86 tons of physical gold, indicating a strategic focus on diversifying foreign exchange reserves [3] Group 1: Gold Reserve Growth - The continuous increase in gold reserves reflects the monetary authority's growing emphasis on precious metal asset allocation [3] - Since resuming gold purchases in November last year, the PBOC has demonstrated a consistent and strategic approach to gold asset allocation, considering market timing and long-term strategic planning [3] Group 2: Foreign Exchange Reserve Optimization - As of the end of May, China's foreign exchange reserves reached $32,853 billion, an increase of $360 million, marking the fifth consecutive month of growth [4] - The stable growth of foreign exchange reserves is influenced by various factors, including fiscal and monetary policy changes in major economies and fluctuations in global financial asset prices [4] - The improvement in China's economic fundamentals supports the stability of foreign exchange reserves and provides greater flexibility for the PBOC in diversifying asset allocation, including gold [4]