连续七个月增持，央行黄金储备逼近2300吨

Core Viewpoint - The People's Bank of China (PBOC) has continued to increase its gold reserves, reaching 7.383 million ounces as of May, which is a month-on-month increase of 60,000 ounces, aligning with market expectations [1] Group 1: Gold Reserves Data - As of the end of May, China's gold reserves amounted to 2,296.37 tons, approaching 2,300 tons, with a total increase of over 32 tons over the past seven months [1] - The PBOC's gold reserves have increased significantly from 394.08 tons in 1999 to nearly 2,300 tons, representing a 5.83 times increase over 25 years [3][4] - The PBOC's gold reserves have seen eight rounds of increases, with the most recent round starting in November 2022 and lasting until April 2024, during which 316.01 tons were added [5] Group 2: Market Implications - The increase in gold reserves is driven by a need to optimize the international reserve structure, as the gold proportion in China's official reserves is only 7%, significantly lower than the global average of around 15% [5] - The recent slowdown in the pace of gold purchases, with May's increase being the first below 2 tons since the resumption of purchases, indicates a potential shift in strategy [1] - The PBOC's continued accumulation of gold is seen as a means to enhance the credibility of the sovereign currency and support the internationalization of the Renminbi [5]