我国外储规模保持稳中有升 连续19个月稳定在3.2万亿美元以上

Core Viewpoint - As of the end of June, China's foreign exchange reserves reached $3.3174 trillion, marking a $32.2 billion increase from the end of May, with a growth rate of 0.98% [2] Group 1: Foreign Exchange Reserves - China's foreign exchange reserves have remained stable above $3.2 trillion for 19 consecutive months [2] - The increase in reserves in June was influenced by the depreciation of the US dollar and the overall rise in global financial asset prices [2] - The US dollar index fell by 2.5% to its lowest point in three years at 96.9, leading to a collective appreciation of non-USD currencies [2][3] Group 2: Asset Valuation and Market Impact - The rise in foreign exchange reserves was supported by a 1.0% increase in the USD-hedged global bond index and a 5.0% increase in the S&P 500 stock index [2] - The valuation of foreign reserves was positively impacted by the overall increase in global financial asset prices [3] Group 3: Future Outlook - Analysts believe that China's foreign exchange reserves are at a moderately sufficient level, providing support for maintaining the RMB exchange rate and mitigating potential external shocks [3] - Factors such as steady economic growth and resilient foreign trade are expected to help maintain the stability of foreign exchange reserves [3] Group 4: Gold Reserves - As of the end of June, China's gold reserves increased by 70,000 ounces to 7.39 million ounces, marking the eighth consecutive month of gold accumulation by the central bank [4] - The importance of gold as a reliable asset is increasing due to the normalization of global geopolitical risks and the diminishing reliability of traditional safe-haven assets like the US dollar [4] - Gold is viewed as a non-sovereign credit reserve asset that can effectively hedge against single currency risks and optimize the structure of foreign exchange reserves [4]